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Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2010 How Shares issued by private Ltd Company???
Whether it is mandatory to issue Shares against cash ??
Whether Share Certificate are required to be printed by Pvt Ltd Company?

CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
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21 November 2010 Shares are allotted to shareholder after paying full amount of the shares.
Shares can be allotted to a person without cash being received. Sec 75 of the Companys Act 1956
Yes. Shares certificate should be issued to share holder of the private company.

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2010 That means Partly paid Shares Certificates are not issued???
In case 2 members 2 Share Certificates will be issued , where to get print??

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Ajay Mishra

Ajay Mishra (Expert)
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22 November 2010 Hi

After allotment you will issue share certificate to every member of the company, whether it hold only one share.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2010 I am talking of Partly Paid up Shares??

Ankur Garg

Ankur Garg (Expert)
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22 November 2010 Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

Initial issue of partly paid up share is possible.

Regards