share split

This query is : Resolved

Rahul (Querist)
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18 May 2010 Dear members,

is sec 94 of CA, 1956 is applicable to PVT ltd companies? if yes, please confirm the following:

1. hold BM and pass Board resolution
2. Hold an EGM and pass and ORDINARY RESOLUTION
3. FILE FORM 5 within 30 days

regards,

Rathindra
company secretary & manager-legal

Jagruti (CS)

Jagruti (CS) (Expert)
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19 May 2010 Yes Sec 94 is applicble to PVt Co.

But for the share certificate split only Board Resolution is required so no need of EGM.

But for subdiviosn of shares, yes you have to follow the procedure as you have stated above.

Rahul

Rahul (Querist)
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19 May 2010 thanks a lot Jagruti for the clarification.

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