Filing PAS3, Return of allotment

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Mikdad Merchant (Querist)
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25 June 2020 Hi,

Does PAS 3 need to be filed in the following cases, even in these cases ultimately allotment of shares is made?
1. Allotment of shares to subscribers to the memorandum post incorporation of a company.
2. Transfer of shares through a transfer deed in SH4 in case of a private company. (This doubt arises because in case of a private co., post board approval a new share certificate will be issued to transferee so technically that will also constitute an allotment of shares).

Would be a great help.

Thank You.

c.bakshi

c.bakshi (Expert)
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26 June 2020 AFTER INCORPORATION, IF THE YOU ARE MAKING ALLOTMENT TO FIRST SUBSCRIBER THEN NO NEED TO TO FILE PAS -3 AND SAME ANSWER NO, IN CASE OF SHARE TRANSFER.

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