Briefly explain the term 'Return of Allotment'.
Return of Allotment is a document that is filed with the Registrar of Companies (ROC) after the allotment of shares is completed by a company. It is a mandatory compliance requirement for companies raising funds from the public.
The Return of Allotment must be signed by a director or secretary of the company. It is required to be filed with the Registrar of Companies within 30 days of allotment. This document serves as an official record confirming that the allotment process has been duly completed.
Filing the Return of Allotment is one of the important steps in the Capital Subscription stage for a public company raising funds from the public.
Explanation
The textbook context clearly mentions that 'Return of allotment', signed by a director or secretary is filed with the Registrar of Companies within 30 days of allotment. It is listed as step (viii) under Capital Subscription for public companies raising funds from the public. The answer strictly follows the context provided.