Section 63 — Return as to allotments by private companies

(1)A private company may allot new shares, other than a deemed allotment, by lodging with the Registrar a return of the allotment in the prescribed form, which must include the following particulars:

(a)the number of the shares comprised in the allotment;

(b)the amount (if any) paid or deemed to be paid on the allotment of each share;

(c)the amount (if any) unpaid on each share referred to in paragraph (b);

(d)where the capital of the company is divided into shares of different classes, the class of shares to which each share comprised in the allotment belongs; and

(e)for each member of the private company —

(i)the full name;

(ii)the identification and nationality, if required by the Registrar;

(iii)the residential address and contact address (if the member is an individual) or the address (if otherwise); and

(iv)the number and class of shares held.[36/2014] [Act 21 of 2024 wef 09/12/2024]

(2)An allotment of shares, other than a deemed allotment, by a private company on or after 3 January 2016 does not take effect until the electronic register of members of the company is updated by the Registrar under section 196A(5).[36/2014]

(3)In this section and section 63A, “deemed allotment” means an issue of shares without formal allotment to subscribers to the constitution.[36/2014]