Filing PAS3, Return of allotment
This query is : Resolved
Mikdad Merchant
(Querist)
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.
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.
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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