How to allot securities by Company What the is process Section 39 of Indian Companies Act 2013

 

Section 39 Allotment of Securities by Company - Indian Companies Act 2013

 

As per Section 39 of Indian Companies Act 2013 allotment of securities should as per the guideline mentioned in this section. Provision in the Companies Act 2013 related to Allotment of Securities by the Company is as under.

 

(1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other instrument.


(2) The amount payable on application on every security shall not be less than five per cent. of the nominal amount of the security or such other percentage or amount, as may be specified by the Securities and Exchange Board by making regulations in this behalf.


(3) If the stated minimum amount has not been subscribed and the sum payable on application is not received within a period of thirty days from the date of issue of the prospectus, or such other period as may be specified by the Securities and Exchange Board, the amount received under sub-section (1) shall be returned within such time and manner as may be prescribed.


(4) Whenever a company having a share capital makes any allotment of securities, it shall file with the Registrar a return of allotment in such manner as may be prescribed.


(5) In case of any default under sub-section (3) or sub-section (4), the company and its officer who is in default shall be liable to a penalty, for each default, of one thousand rupees for each day during which such default continues or one lakh rupees, whichever is less.

 

Section 21 to 40 of Indian Companies Act 2013

How to authenticate documents, proceedings and contracts of a Company Section 21 of Indian Companies Act 2013

How to execute bills of exchange etc Section 22 of Indian Companies Act 2013

What are the methods to issue securities by Companies Section 23 of Indian Companies Act 2013 - Public offer and Private Placement

What are the Powers of Securities and Exchange Board (S E B I) to regulate, issue and transfer of securities Section 24 of Indian Companies Act 2013

Document containing offer of securities for sale to be deemed prospectus Section 25 of Indian Companies Act 2013

What are the matters to be stated in Prospectus Section 26 of Indian Companies Act 2013. Contents of Prospectus. What is the provision for punishment against violation of law regarding issue of Prospectus

What is the effect of variation in terms of contract or objects in prospectus Section 27 of Indian Companies Act 2013

Can members of a company offer shares for sale Section 28 of Indian Companies Act 2013 - offer of sale of shares by certain members of the Company

Public offer of securities should be in dematerialized form. Section 29 of Indian Companies Act 2013

What are the methods to advertise Prospectus What are the conditions Section 30 of Indian Companies Act 2013

What is Shelf Prospectus Who can file prepare and file it What are the conditions Section 31 of Indian Companies Act 2013

What is Red Herring Prospectus Who can issue red herring prospectus What are the terms Section 32 of Indian Companies Act 2013

How to issue Application forms for Securities What is the procedure Section 33 of Indian Companies Act 2013

What is the criminal liability for mis statement in Prospectus What is the punishment Section 34 of Indian Companies Act 2013

What is the Civil liability for mis statement in the Prospectus Who is punishable Section 35 of Indian Companies Act 2013

What is the punishment for fraudulently inducing persons to invest money Section 36 of Indian Companies Act 2013

How can the affected persons act against company for mis leading statements Section 37 of Indian Companies Act 2013

What is the punishment for personation etc of securities Section 38 of Indian Companies Act 2013

How to allot securities by Company What the is process Section 39 of Indian Companies Act 2013

How to dealt with Securities Is it necessary to deal with Stock Exchanges Section 40 of Indian Companies Act 2013. What is the punishment for violation?

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