FINANCIAL STRUCTURE AND MEMBERSHIP – V – ALLOTMENT AND CERTIFICATE OF SECURITIES

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..... capital of a company of a certain number of shares to persons who have made applications for shares Section 75 A person should agree in writing to become a member Section 41 The Company intending to offer shares to the public for subscription by the issue of a prospectus shall, before such issue, make an application to one or more recognized stock exchange for permission for share .....

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..... t in the prescribed Form 2 even if it is of a single share, must be filled with the Registrar of Companies within thirty days of the allotment. In case of default every officer of the company who is in default. Each Share of the Share Capital of the Company shall be distinguished with a distinct number for its individual identification Section 83 Issue of Duplicate Share Certificate .....

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..... . All money payable by any member to the company on the shares held by him under the MOA and AOA is a debt due for him to the Company Section 36(2) The power to make calls is exercised by the Board in its meeting by means of a resolution Section 292(1)(a) Payment in advance of Calls Section 92 No return of allotment in respect of re-issue of Forfeited Shares Section 7 .....

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