I want to know for fresh allotment of shares in a limited company EGM is must or not.
Guest
Guest
(Expert)
18 February 2012
You have to pass resolution u/s 81 for issuing further shares (preferential allotment) on right basis OR u/s 81 (1A) for issuing shares to other than existing shareholders.
In case you pass SR u/s 81 (1A) EGM will be held and form 23 shall be filed with ROC.
In case of public company, if they are made preferential allotment under section 81 (1A) of the Companies Act, 1956, then it will file Form-23 with ROC within 30 days from the date of passing of shareholders resolution.
Form-2 will be filed with in 30 days from the date of allotment of Board Resolution and not from shareholders resolution.