Shares issue in private company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
Hi All,
Can experts answer me that:
1) what is the procedure of issing share capital in case of Private Company?
2) Board of Directors are authorised in case of further issue of capital, if authorised by Articles of Association(AOA)? if not authorised by AOA then what to do?
Thanks in Advance!!!
Can experts answer me that:
1) what is the procedure of issing share capital in case of Private Company?
2) Board of Directors are authorised in case of further issue of capital, if authorised by Articles of Association(AOA)? if not authorised by AOA then what to do?
Thanks in Advance!!!
20 September 2011
Procedure of issing share capital in case of Private Company
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.
Board has the inherent power to allot shares and there is no need for AOA authorization.
RG
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.
Board has the inherent power to allot shares and there is no need for AOA authorization.
RG
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