Briefly explain the term Return of Allotment



Q.5:- Briefly explain the term ‘Return of Allotment’.

 

Answer:-



Return of Allotment is a statement submitted to the Registrar which contains the names and addresses of shareholders and the number of shares allotted to each shareholder. Return of allotment, signed by a director or secretary is filed with the Registrar of Companies within 30 days of allotment. Return of allotment shows that the company has received the minimum subscription.