allotment of shares should be incorporated in minutes or not??
14 Replies
ACS_RR
(Service)
(58 Points)
Replied 18 June 2009
Yes. Allotment of Shares should be taken in the Board Meeting and resolution should be present in the Minutes.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 18 June 2009
Of course allotment of shares must be incorporated in the minutes along with all details.
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 18 June 2009
All the proceedings at the meeting has to be recorded in the minutes whether resolution is passed or not
CA CS Bhumika Thakkar
(CA,CS)
(1618 Points)
Replied 18 June 2009
| Originally posted by :Pavan Jain S | ||
| " | All the proceedings at the meeting has to be recorded in the minutes whether resolution is passed or not | " |
true...
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 18 June 2009
Yes
You should record the details of allotment in minutes of the meeting.
aditi daga
(management trainee)
(272 Points)
Replied 19 June 2009
Definately it should be incorporated in the minutes book of the company
ganesh bhandari
(B.Com Final C.A. Final CS Article Clerk )
(239 Points)
Replied 01 April 2010
Can anyone forward a draft of the Resolution for Allotment of Shares in cash by a Pvt Limited Co. for
1) Equity Shares
2) Preference Shares with the Option to Convert into Equity Shares
Sarabjeet Kaur
(CS)
(196 Points)
Replied 01 April 2010
Format of Board resolution for allotment of Equity Shares
ALLOTMENT OF 1000 EQUITY SHARES .
"RESOLVED THAT the consent and approval of the Board be and is hereby given for for allotment of 1000 equity shares of Rs.10/- each to Mr. A.
RESOLVED FURTHER THAT Mr. A and Mr. B, Directors for the time being be and are hereby authorised to issue duly signed share certificate(s) to the above allottee under the common seal of the Company and further Mr. B, Director be and is hereby authorised to file the requisite return of allotment with the office of Registrar of Companies.”
RITU BAJAJ
(COMPANY SECRETARY)
(158 Points)
Replied 01 April 2010
Ya, only after the Board approves the applicants list placed on the table in a Board Meeting the allotment is made. And the proceedings at the Board has to be recorded in the Board Meeting Minutes.
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