Issue of shares

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sanalkumar t m (Querist)
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22 February 2010 X Pvt LTd want to issue shares to Other than existing member, What should be procedure it follow?
Is it necessary to make agreement in writing ?
PLs give Complete Information Including Meeting and filing of R O c

Rasesh

Rasesh (Expert)
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22 February 2010 Section 81(1A) is not applicable to a private limtied company.

A private limited company can issue shares to persons other than existing members by simplying passing a board resolution to that effect.

In termos of ROC compliance, File form no. 2 after the allotment.