Please provide that procedure of issuing of shares by a private Ltd. Company to its own existing shareholders.
Section 81 does not apply on the pvt ltd. companies. Then what would be procedure.
If a private limited company wants to issue shares only one or selected existing shareholders, what would be the procedure in this regard without going to general meetings.
Look forward to your kind reply.
Regards, Harvinder
Guest
Guest
(Expert)
28 July 2012
1. Finalise list of allottees stipulating name of allottees, no of shares to be allotted, issue price etc.
2. Convene a board meeting and make allotment of shares.
3. File form 2 with ROC within 30 days of allotment
4. Issue share certificates to the allottees within 3 months
6. Also pay stamp duty on issue of shares
There is no need to call general meeting for making allotment in private company whether allotment is made to existing members or not.