Allotment of shares of Public Issue to be Listed ‑ Issue of refund orders under section 73(2)/(2A) - Companies Law - Circular : No. 6 of 1992,

Circular : No. 6 of 1992, dated 3 ‑ 9 ‑ 1992. Subject:- Allotment of shares of Public Issue to be Listed ‑ Issue of refund orders under section 73(2)/(2A) I am directed to say that the Government has been receiving complaints from the investing public regarding non‑receipt of refund orders, allotment letters, share certificates, rights of offer and dividend warrants. In this connection, it may be stated that the Ministry of Finance, Department of Economic Affairs, vide their circular letter No. 8/15/SE/86‑B, dated 3rd June, 1986, addressed to all stock exchanges, informed that the Government has decided that henceforth all companies listed or seeking enlistment on stock exchanges, shall issue refund orders, allotment letters/certificates only by registered post. It has now been considered necessary that with a view to protect the interest of investors the letters of offer for rights issue be also issued to the shareholders by registered post, in future.