Chapter 4 Shares And Debentures

Section 31 : Return of shares to be filed with office

Estimated reading: 1 minute 54 views

1) A company shall file with the Office a return of allotments stating the number of shares issued and allotted, total amount of the shares, the names and addresses of the allotters, and the amount paid or due and payable on each share, within thirty days after the allotment of shares.

2) If any shares have been allotted as fully or partly paid up otherwise than in cash, the company shall file with the Office a deed constituting the title of the allotter to the shares together with any contract of sale or a contract for services or other consideration in respect of which that allotment was made, and a return stating the number and nominal amount of shares so allotted and the extent to which they are to be treated as paid- up.

Share this Law

Section 31 : Return of shares to be filed with office

Or copy link

Discover Nepal's laws effortlessly. Our user-friendly platform simplifies legal understanding and accessibility, serving individuals throughout the country.