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Allotment of shares

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(Querist)
07 May 2014 can an unlisted public company allot shares ere by passing a board resolution to its existing shareholders??
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Sandeep Dharar

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Sandeep Dharar (Expert)
07 May 2014 Yes every company must pass a Resolution while allotting its shares, whether it is public or private.
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Zalak Talreja

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Zalak Talreja (Querist)
07 May 2014 but will only board resolution do????
for filing allotment of shares
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Zalak Talreja

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Zalak Talreja (Querist)
07 May 2014 but will only board resolution do????
for filing allotment of shares
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Zalak Talreja

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Zalak Talreja (Querist)
07 May 2014 as in for filing FORM PAS - 3 i.e. return of allotment
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Sandeep Dharar

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Sandeep Dharar (Expert)
07 May 2014 Yes u must have to intimate ROC about this in the above mentioned form. And the attachment will b the resolution made by the Board.
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Zalak Talreja

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Zalak Talreja (Querist)
07 May 2014 okay then there is no need of calling EOGM for allotment of such public company....correct????
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Sandeep Dharar

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Sandeep Dharar (Expert)
07 May 2014 Yes no EOGM is required for that purpose.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
08 May 2014 Yes fist you can make board resolution for allotment of shares

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