Share Allotment to Subscribers to the MOA

Please note that the subscibers are automatically allotted the shares on the date of company registration. Therefore the question of Board resolution for allotment ad filing of Form 2 are not applicable.

subscribers to the MOA are deemed members right from the date of incorporation and the allotment to them is a deemed alotment and no specific resolution is required for allotment. However, share certificates are required to be issued for which board resolution is necessary.

Thanks.