25 March 2011
SHARE HOLDERS OF A PRIVATE COMPANY TRANSFER THEIR ASSETS TO A COMPANY FOR WHICH THEY RECEIVE EQUITY SHARES. NOW IN WHICH FORM THE COMPANY SHOULD FILE WITH ROC?
If there is any contract with the shareholders for allotment of fully paid up or partly paid shares in exchange of assets, then Form 3 is also required to be filed. If there is no contract, Form 3 need not be filed.