Dear All
Please give me the procedures for allotment of shares to existing shareholders of the company. Is the resolution passed in EGM or AGM. Please give the complete procedure and draft notice and Board resolution formats. It is helpful to me
With Warm Regards
S.Mohan
Salem
Tamilnadu
My Email Id is harismohan @ gmail.com
Dear Hari,
Since you are alloting shares to existing shareholder section-81 is applicable.
Procedure
1. First call a board Meeting for allotment of shares to existing shareholder.
2. Pass a Board resolution for allotment.
3. File form-2 with in 30 days of allotment of share (upload form-2 at MCA portal).
No EGM/AGM is required.
Find attach sample reslution u/s 81. Hope it'll help you. Best Regards
CAclubindia
