Form No. 2 Return On Allotments

This document is a form of Return of Allotment to be filed by the Company at the time of allotment of shares under Section 75 (1) of the Companies Act, 1956. This document describes that if a company having a share capital makes any allotment of its shares, the company has to file with the Registrar of Companies a return of the allotments, stating the number and nominal amount of the shares comprised in the allotment, the names, addresses and occupations of the allottees, and the amount, if any, paid or due and payable on each share within 30 days thereafter. The company shall not show in such return any shares allotted for cash if cash has not been received in respect of such allotment. The contravention of this Section will amount to fine of Rs. 50,000/- to every officer and promoter in default.

 

*this section shall apply to the issue and allotment by a company of shares which under the

provisions of its articles were forfeited for non-payment of calls.

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