What is procedure for allotmnt for a Pvt co.
1 Replies
Jagruti (CS)
(Service)
(1953 Points)
Replied 20 March 2010
In private Company for allotment of shares
- pass Board resolution for allotment
-File Form 2 within 30 of Board resolution for allotment i.e. dt of allotment
- If allotment is for consideration in cash and no written agreement is executed than file Form 3 before filing form 2
- Issue share Certificate within 3 months from date of allotment
- Make entries of allotment in Register of members and Register of Allotment
- If shares alloted to directors than make entry in register of director shareholding
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