Ranjit Singh (Company Secretary) (92 Points)
06 January 2012Dear All,
We are a listed company and company has allotted Forfeited equity shares to non members of the company. Is it required to file Form 2 with MCA?
thanks,
R. Singh
Preet Kanwar Singh
(Company Secretary)
(161 Points)
Replied 06 January 2012
AMIT MISHRA
(Legal Professional)
(393 Points)
Replied 06 January 2012
Hi Ranjeet,
Agree with Preet on the above. No filing required as Form2 for the existing shares realloted.
regards
Amit Mishra
Parashar
(Company Secretary 2004)
(1013 Points)
Replied 06 January 2012
Basically it is a sale of shares, so no need of Form 2 with ROC.
Max Payne
(employed)
(2574 Points)
Replied 06 January 2012
Yes. Agree with members.
Return of allotment u/s 75(1) is for first allotment of those shares only.
The reissue is only sale of the existing shares.
The word allotment used in 75(5) is in a different meaning compared to 75(5). This has been decided by court.
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