Allotment of Shares.
Issuing new shares, through a rights issue, private placement or preferential allotment, follows a set route: the right approvals, a registered valuer's report where pricing must be supported, money received through banking channels, and Form PAS-3 filed with the Registrar after allotment. We run the route that fits your raise and keep your cap table, registers and filings consistent.
Typically 2–4 weeks end to end, driven by the valuation, the general meeting notice period and how quickly investors remit funds. PAS-3 itself takes 2–3 working days once allotment is complete.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies raising equity from existing shareholders through a rights issue
- Startups and private companies taking investment from new investors by private placement
- Companies converting loans into equity or issuing shares for consideration other than cash
- Companies allotting shares to non-resident investors, which also need FEMA reporting
What you receive at the end.
- 01Board and shareholder resolutions, offer letters and PAS-4 where applicable
- 02Record of private placement offers in PAS-5
- 03Filed MGT-14 and PAS-3 with SRNs
- 04Share certificates or confirmation of demat credit
- 05Updated register of members and cap table
Allotment of Shares, step by step.
Typically 2–4 weeks end to end, driven by the valuation, the general meeting notice period and how quickly investors remit funds. PAS-3 itself takes 2–3 working days once allotment is complete.
- 1
Structure and valuation
We confirm the route, check authorised capital and demat readiness, and arrange a registered valuer's report where the law requires one.
- 2
Board and member approvals
The board approves the offer; private placements and preferential issues also need a special resolution, filed in MGT-14 within 30 days.
- 3
Offer and funds
Rights offers go out by letter of offer; private placement offers use PAS-4 to persons identified by the board, with money received only through banking channels into a separate account.
- 4
Board allotment
The board allots the shares, within 60 days of receiving application money in a private placement, and certificates are issued or demat accounts credited.
- 5
PAS-3 filing
We file PAS-3 with the list of allottees within 15 days of a private placement allotment, or within 30 days for other allotments.
- 6
Registers and FEMA reporting
We update the register of members and cap table, and coordinate FC-GPR reporting where shares go to non-residents.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Memorandum, articles and current shareholding pattern
- Term sheet or investment agreement, if any
- Registered valuer's report, where required
- Board and shareholder resolutions
- Bank statement showing subscription money received in the designated account
- Allottees' details: name, address, PAN or passport, and demat account
- Agreements supporting any allotment for consideration other than cash
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Allotment of Shares.
Ready to discuss Allotment of Shares?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.