formation of company

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 Respected sir/ Madam,

Actually my company is a listed company and i have a query regarding issue of warrant on preferential basis which are convertible into equty shareswithin 18 months of the allotment of warrant which is as follow:

the allotment procedure is over. Now the allottee who already paid 25% amt wil have to pay remaining 75% amount of warrant before 18 months of allotment. Now one of the alottee wants to pay his part of 5% amount and want to convert the warrant into equity shares now can we issue the shares to him and utilise the money for the company purpose or we have to wait till the others pay the 75% amount.

the another question is the preferntial allotment is to the promoters group is more than 10% of the paid up capital of the company .
whether SEBI (Substaintial take over code ) wiil apply (i.e. 5% 10%, 14% clause will be applicable or what?

whether we have to get the shares to be issued to the allotte listed immediately or after the getting 75% amount from the other allottees?

kindly respond it on urgent basis

Thanks in anticipation.

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2011 hello sir,

if Mr. x want to register his company with a name in which the word "universal" has to be include,
so what is the minimum authorised capital required for the registration?

thankyou in anticipation.........

Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 June 2011 registration with company name universal authorised capital minumium Rs. 1 cr.

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Pravin Gupta CS

Pravin Gupta CS (Expert)
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28 June 2011 as per latest rulesCompanies(name availability) rules, 2011 the minumium authorised capital Rs. 5 cr. if you want the word universal in starting ... n if u wanty to use this word at middle or last than the minumium authorised captal is RS. 25 lacs is required

For further refrence you can visit this link for full detail

http://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf