allotment of shares

allotment of shares

the process by which members take shares from a company is the issue of shares; this ends with allotment, when individual shares are assigned to particular holders. A previously unissued share is allotted when a person acquires an unconditional right to be entered in the register of members in respect of that share.
References in periodicals archive ?
2,649 crores in Bharti Telecom Limited, the promoter company of Airtel through preferential allotment of shares.
ADES shall, in due course, invite its shareholders to vote on a special resolution for the issuance and allotment of shares to be issued to Nabors in connection with this transaction.
This increase is due to the conversion of convertible loans and allotment of shares to participants in the share-based incentive programme (PSP 2014) decided by the Annual General Meeting in 2014.
ED's enquiry pertaining to Khan's transactions relates to his allotment of shares of the Indian Premier League franchisee to a Mauritius-based company of Jay Mehta, husband of Juhi Chawla - Bollywood's actor of the '90s.
Additionally, the board of directors also approved the issuance of 750 million shares by various means, including follow-on public offer, qualified institutional placement or preferential allotment of shares, The Business Standard noted in its report.
The allotment of shares was done in November last year, it added.
The results of the offer and the allotment of shares will be announced 1 December.
loan into equity; the conversion of other loans and the redeemable securities into shares; E-filing through authorized agents to facilitate the corporates not having the IT infrastructure; (iii) protecting the interest of shareholders in the matters relating to allotment of shares by prescribing the time frame for acceptance of offer, putting responsibility on the company to ensure delivery of circular to the entitled members, file a certificate from a Chartered Accountant with the return of allotment confirming the receipt of money and issuance of certificates and fair distribution of the value of property while allotting shares other than cash.
Allotment of shares As many as 65 per cent is reserved for the first category, who apply for shares between 1,000 and 600,000, while the second category is institutions and high-net worth individuals who apply for shares between 600,100 and 51,191,000.
Shortly after incorporation in the DIFC and once the entity has an operational bank account (for the shareholders to deposit their share contribution), a first allotment of shares should take place.
The allotment of shares, as well as the refund of surplus amounts, will be announced on November 11.
At present, there are rules pertaining to allotment of shares of a company, wherein no allotment can be made of any share capital of a company offered to the public unless the minimum amount slated in the prospectus has been subscribed to.