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<h1>Understanding Securities Allotment & Certification: Companies Act, 1956 Rules on Share Allotment, Minimum Subscription, and Share Certificates</h1> The procedures and regulations related to the allotment and certification of securities under the Companies Act, 1956. It details the process of share allotment, requiring written agreement from individuals to become members, and mandates companies to apply to stock exchanges before issuing a prospectus. It emphasizes the necessity of meeting minimum subscription requirements before allotment and filing a return of allotment with the Registrar within 30 days. The text also covers the issuance of share certificates, distinguishing shares with unique numbers, and the issuance of share warrants. It specifies obligations of members regarding payments and the board's authority to make calls.