21 November 2010
How Shares issued by private Ltd Company??? Whether it is mandatory to issue Shares against cash ?? Whether Share Certificate are required to be printed by Pvt Ltd Company?
21 November 2010
Shares are allotted to shareholder after paying full amount of the shares. Shares can be allotted to a person without cash being received. Sec 75 of the Companys Act 1956 Yes. Shares certificate should be issued to share holder of the private company.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
21 November 2010
That means Partly paid Shares Certificates are not issued??? In case 2 members 2 Share Certificates will be issued , where to get print??
22 November 2010
Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.
Procedure
1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment. 2. Download form-2 from MCA Site www.mca.gov.in 3. Fill form-2 and attach list of allottee. 4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.
Initial issue of partly paid up share is possible.