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Allotment in United Kingdom

Definition of Allotment

In accordance with the work A Dictionary of Law, this is a description of Allotment :

A method of acquiring previously unissued shares in a *limited company in exchange for a contribution of capital. An application for such shares will often be made after the issue of a *prospectus on the *flotation of a *public company or on the privatization of a state-owned industry. The company accepts the application by dispatching a letter of allotment to the applicant stating how many shares he has been allotted; he then has an unconditional right to be entered in the *register of members in respect of those shares. If he has been allotted fewer shares than he has applied for, he receives a cheque for the unallotted balance (an application must be accompanied by a cheque for the full value of the shares applied for).

See also authorized capital; retur

Company Share Capital: The raising of capital

The authority to allot shares

Find under this subsection information about The authority to allot shares in relation to Company Share Capital: The raising of capital.

Regulating the adequacy of the consideration obtained for shares on allotment

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(2016, 07). Allotment lawi.org.uk Retrieved 07, 2021, from https://lawi.org.uk/allotment/

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"Allotment" lawi.org.uk. 07, 2016. Accesed 07 2021. https://lawi.org.uk/allotment/

Agostino Von Hassell, 'Allotment' (lawi.org.uk 2016) <https://lawi.org.uk/allotment/> accesed 2021 July 29

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Schema Summary

  • Article Name: Allotment
  • Author: Agostino Von Hassell
  • Description: Definition of Allotment In accordance with the work A Dictionary of Law, this is a description of Allotment : A method of [...]

This entry was last updated: July 20, 2016


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