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Date of 1st allotment of share in new company

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(Querist)
23 December 2014 Dear Sir

Pls guide me what will the dated of 1st allotment of share in case of newly registered company.
It is on the date of incorporation or only after incorporation of the company.
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Ketan Shah

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Ketan Shah (Expert)
23 December 2014 As per recent changes in company law date of issuance of shares shall be after the company received commencement certificate.,
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Bhubaneswar

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Bhubaneswar (Querist)
23 December 2014 sir can you confirm what was the provision as per old company law.
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