Understanding Register of Allotments

Following our earlier blog post on “Understanding Register of Members”, let’s move on to Register of Allotments which is usually updated together with Register of Members. Do take note that whenever you update Register of Allotments, the Register of Members needs to be updated as well.

When to update

The first entry into the Register of Allotments is when your Company allots subscriber shares upon incorporation. Subsequently, when your Company allots additional shares to new or existing shareholders, you should also remember to update the Register of Allotments.

What to update

Typically, you should update the following fields in the Register of Allotments after an allotment of shares exercise: -

 Field What you need to input
Date of entry into register Date of incorporation (for subscriber shares);
Date of allotment of shares; or
Date of agreement to allot shares.
Currency Type Denomination of shares allotted
e.g. SGD, USD etc.
Class of Shares Type of shares allotted
e.g. Ordinary, Preference etc.
Certificate number

Share certificate number should be issued in sequential order following the last issued number e.g. 1, 2, 3 etc for ordinary shares.

For different classes of shares, you can opt to prefix with an alphabet letter e.g. P1, P2, P3 etc for preference shares.

For different sub-classes of shares, you can opt to include a prefix e.g. OA-1 for Class A Ordinary Shares, OB-1 for Class B Ordinary Shares etc.

Number of shares acquired Number of share(s) allotted.
Amount of paid-up share capital Amount paid on the share(s) allotted.
Amount still payable Amount unpaid on the share(s) allotted.
Notes Explanatory notes, if required.

Can eROM be substituted for Register of Allotments?

Strictly speaking, Register of Allotments and Register of Members are two different statutory registers. Although most of the information in the Register of Allotments can be found in the section on “Shares Allotted/Acquired” of the electronic Register of Members (“eROM”), your Company should still maintain its own Register of Allotments manually.

In addition, as mentioned in our earlier blog post on “Understanding Register of Members”, there is no share certificate information in eROM and hence you might find it difficult to keep track of share certificates issued to shareholders and the numbering of share certificates.

In our next blog post, we will touch on another share-related statutory register – Register of Transfers. If you need ready-to-use customisable templates for statutory registers, including Register of Allotments, you may wish to check out our e-shop when you click on the category – Statutory Registers.

Leave a comment

Please note, comments must be approved before they are published

Related Posts

Common Seal – To have or not to have?
Common Seal – To have or not to have?
As you may already be aware, with effect from 31 March 2017, it is no longer a mandatory requirement for companies in...
Read More
Repayment of Shareholder's Loan
Repayment of Shareholder's Loan
Question: For repayment of shareholders’ loans, do we need to pass resolution? There was no shareholders’ loan agreem...
Read More
Closure of Bank Account - Three Key Points
Closure of Bank Account - Three Key Points
There are many reasons why a Company wants to close its corporate bank account(s). Some of the reasons are set out be...
Read More