Question

explain the term 'return on allotment'?​

Answer 1

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.

Answer 2

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.