Issue of equity shares without voting rights.
This query is : Resolved
21 February 2019
Whether a start up private limited company can issue equity shares without voting rights? if yes, then what are the procedures required to follow and laws governing such issue?
22 February 2019
Yes. Provided the memorandum and articles of association of the company so provide
Message likes :
2 times
22 February 2019
Thank you sir....;can you help me regarding the share issue procedure? Will the process of issue be exactly like normal share issue or I need to follow some other procedure?
22 February 2019
1. You have to reclassify your existing Authorised Capital by passing Ordinary Resolution in General Meeting and alter Capital Clause of Memorandum of Association & File Form SH-7 with copy of Altered MOA and Copy of Resolution passed.
2. You have to pass Special Resolution for offer and issue of shares on preferential basis through private placement and file Form MGT 14
3. After allotment of shares file PAS-3 within 15 days.
2. You have to pass Special Resolution for offer and issue of shares on preferential basis through private placement and file Form MGT 14
3. After allotment of shares file PAS-3 within 15 days.
Message likes :
1 times
22 February 2019
Thank u very much sir!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Applicability of Ind As to associate of associate
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
