Every Company which is incorporated in India is important to main statuary books and records. A Private Limited Company may issue its shares by way of right issue, bonus issue, private placement and preferable share allotment. Right issue or bonus issue is used in case of a share issue to the existing shareholders while, Private place or preferable share allotment is used to offer securities to a selected group of people. Allotment of shares is done by Insidetax.