issuance of preference share by a newly incorporated co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2011
Dear Sir(s)
Can any one give me guideline that a newly incorporated company (date of incorporatio -15/01/2011)may issue preference share if yes than what are the procedure to be follow
Can any one give me guideline that a newly incorporated company (date of incorporatio -15/01/2011)may issue preference share if yes than what are the procedure to be follow
21 February 2011
A newly incorpoated company can issue preference shares, subject, however to the limits stated in MOA Capital Clause.
If the proposed preference share issue is likely to exceed the ASC as stated in MOA / AOA, then MOA / AOA needs to be amended first by holding Shareholders Meeting.
Other procedure is -
1) Pass the Board Resolution
2) Allot shares after receiving money
3) File form 2 with ROC within 30 days of issue of shares
4) Make entries in the Register of Members
If the proposed preference share issue is likely to exceed the ASC as stated in MOA / AOA, then MOA / AOA needs to be amended first by holding Shareholders Meeting.
Other procedure is -
1) Pass the Board Resolution
2) Allot shares after receiving money
3) File form 2 with ROC within 30 days of issue of shares
4) Make entries in the Register of Members
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
