10 November 2013
There are following procedure or issuing and allotting shares:
1. After receiving share application money in bank account/cash, call a Board Meeting for issue and allot shares to the investor. 2. Hold Board Meeting for issue and allot shares 3. After issuing & allotting shares file Form-2 with ROC within 30 days from the date of allotment. 4. Issue shares certificate as per provisions of section 113 of the Companies Act, 1956. 5. Make entry in Minutes 6. Give the details of shareholders in Form-20B(Annual Return) with ROC annually with in 60 days from the date of AGM.
Stage-1 Application to SDM (Concerned Registered Office of the Company) Stage-2 Application forwarded by SDM to Finance Secretary Stage-3 Finance Secretary Send Note to the Governor of the state Stage-4 After due approval Finance secretary issue an approval to SDM Stage-5 SDM issue challan on the basis of approval Stage-6 Amount of stamp duty deposited in bank Stage-7 A certificate of payment of duty issued by the SDM
Sub: Payment of Consolidated Stamp Duty on allotment & issue of Share Certificate.
Respected Sir,
With due regard we would like to acknowledge you that Our Company incorporated on the date………….. having company No. ……………. and subsequently wants to allotte shares to the shareholders. Company decided to make consolidated payment of stamp Duty in respect of share Certificate issue to the Shareholders.
The Share allotment details are hereunder:
Type of Security No of Share Certificate Folio No. Distinctive No. Face Value of Share Total Amount Paid
For ………………..
Director/ Authorized Person
Annexture:
1. Share Certificate (Specimen) 2. Memorandum & Article of Association 3. Board Resolution authorizing allotment of Shares 4. Form-2 5. Share Holding Pattern 6. Power of Attorney to present the matter.