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 ?
Allotment of shares issued under the SPP is to occur on Friday, 23 August 2019, with holding statements and confirmation advices to be dispatch on Monday, 26 August 2019.
KAMCO will oversee the process of allotment of shares that have not been paid to the Authority to ensure coverage of the 50 percent allocated to citizens in full according to the mechanisms and procedures to be announced, it added.
A stamp duty of Rs100 will be imposed on divorce documents, Rs10 on the letter of allotment of shares and Rs50 on the letter of licence has been proposed.
It will enable sharing of specific information such as details of suspended companies, delisted companies, shareholding pattern from SEBI and financial statements filed with the registrar by corporates, returns of allotment of shares, audit reports relating to corporates.
NORDIC BUSINESS REPORT-May 23, 2019-Scandi Standard reports allotment of shares under employee incentive programme
This will be related to allotment of shares to lenders pursuant to debt conversion.
Allotment of shares to the banks/lenders would be done at a consideration of Rs 1, and banks' appointment of nominees on the board of Jet Airways would be done as per the Reserve Bank of India, it said in a press release.
abandoning the requirement that a company file the initial allotment of shares notification with the ROC; and
Following an overwhelming number of applicants, Ahmed Ali Kanoo approached the government for the nomination of a committee, which was approved and formed on April 14, 1962 - to supervise and decide the method of allotment of shares to the Bahraini public.
The acquisition is conditional on the shareholders having validly passed the necessary resolutions in a duly convened extraordinary general meeting approving the issue and allotment of shares comprising the capital raise by Hellenic Bank".
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.
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.