Allotment of securities requires minimum subscription, receipt of application monies, filing of allotment return, and penalties for default. Section 39 conditions any allotment under a public offer on subscription of the prospectus-stated minimum amount and receipt of application sums by cheque or other instrument, mandates a minimum application amount per security (five per cent or as prescribed), requires return of monies if minimum subscription or receipt is not achieved within thirty days or any prescribed extended period, and obliges companies making allotments to file a return of allotment with the Registrar; defaults attract daily monetary penalties up to the statutory cap.