Allotment of shares

Sir as per my openion,

Your share Application money was received before 1st April 14, Under Comapnies Act 1956,

Now Under Comapnies Act 2013, you only have to comply regarding PAS-3,

Section 42 & 62(1)(c) to be deal with fresh issue of offer only, after 1st April 2014.

So your point is right , no need to issue offer letters and it will not be a violation of any provisions.

If any member have any different view please share.

Typically, allotment of  shares involves 3 main steps:

1. Issue of shares by Board ('Invitation to offer') by Prospectus or Letter of Offer etc.

2. Application by the applicant with application money ('Offer')

3. Allotment by the Board ('Acceptance of offer')

If the company has received share application money, it means first two steps are already over.  Only Board resolution for allotment is to be passed.  There is  no question of issuing  offer letter again.