Allotment JournalAn Allotment Journal is a detailed record of the number of shares allocated to each member.
An Allotment Journal is a document that records the allocation of shares in a company to its shareholders.
What does the Allotment Journal record?
Date of issuance.
Names of the shareholders receiving the shares.
Number of shares allocated.
Date and details of surrender.
What are the benefits of having an Allotment Journal?
It serves as a record of the shares that have been issued by the company.
To keep track of share allotments, which can facilitate corporate actions such as dividend payments, share buybacks, and voting in shareholder meetings, as well as for tax calculations and financial reporting purposes.
It serves as proof of ownership for shareholders, providing a record of the number of shares they own in the company.
It helps ensure that companies maintain accurate records of their share structure.