whether share issued to promoter at the time of formation of pvt. ltd co. will include in the list of allotement of share submitted to roc along with form no. 2 of return of allotement
ca pawan singhal
4 Replies
Gargi Ranade
(CS)
(619 Points)
Replied 08 April 2009
Hi Pawan! Return of allotment is not required to file for shares allotted at the time of incorporation ,as subscriber to the memorandum of association becomes entiteled to and liable for shares as mentioned against respective names of the subscribers named in the memorandum .There is no allotment as such and the memorandum itself is a contract .since there is no allotment, it is not necessary to file return of allotment when shares are issued to subscribers to the memorandum of association.
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 08 April 2009
i agree with the answer of gargi
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 08 April 2009
Perfect answer Gargi...Keep it up.
Dear Pawan hope you got the answer of your query. Regards
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