RETURN OF ALLOTMENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2010 Is it necessary for a private limited company to file form 2 when it is issuing such shares as are subscribed in memorandum?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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15 November 2010 NO.

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2010 But As Per Dr D K Jain's Ready Reckoner It Should Be Filed. He Says There is no
Specific Exemption From Filing of Form 2 on Issuance of Shares to the Subscribers to the MOA/AOA. Therefore, it is Advisable to File Same As Per Requirement of Section 75 of The Companies Act, 1956.Others Views Are Welcomed.

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 November 2010 Once a new company is incorporated the paid up capital of the company deems to be Rs. 100,000/- and the same can be verified by company master data available with MCA. So there is no need to file. If you wish you can file.