s 63 Return as to allotments by private companies
63.—(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]