Share allotment creates a legal record, not just an investor cap-table update. PAS-3, registers, board approvals and private-placement controls must tell the same story.
Section 39 includes that whenever a company having a share capital makes an allotment of securities, it shall file with the Registrar a return of allotment in such manner as may be prescribed.
Section 42 covers issue of shares on private placement basis and should be reviewed where securities are offered to identified persons rather than through public offer mechanics.
| Document | Purpose |
|---|---|
| Board/shareholder approval | Supports authority for issue/allotment. |
| Offer/application records | Supports terms and identified allottees. |
| Bank receipt of consideration | Supports money trail. |
| List of allottees | Basis for PAS-3 and register update. |
| Updated register of members/security holders | Permanent statutory record. |
This article is intentionally source-limited to official MCA / India Code material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.
It is the return-of-allotment filing route where a company with share capital makes an allotment of securities.
Section 39 covers allotment return, and Section 42 matters for private placement.
Yes. Statutory registers should match allotment filings and cap table.