Shares issue in private company

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CMA. Dinesh S Adhikari, ACMA (Querist)
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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!!!

vignesh

vignesh (Expert)
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19 September 2011 Dear Sir,

Check the Authorised Share Capital of the company. If it permits to issue the shares then conduct a board meeting and pass a resolution to for issue of equity shares and also place the list of allotees before the meeting to get approved by the board. And file e-Form 2 within 30 days from the date of Board meeting.

If the AoA permits Board meeting is enough. If AoA not authorised then follow Table - A. Thank You

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