Prasad (Others) (40 Points)
24 July 2016Hello,
I am planning to establish PVT. LTD. company with share capital 1 Lac. I have following questions:-
1. How to allocate shares between two partners (share holders)?
2. Do we have to invest 1 lac in cash or whats the significance of 1 lac share capital?
3. How can i raise funds? since i can not sell shares in public.
Your help would be appreciated
Prasad
venkat
(CA )
(1518 Points)
Replied 24 July 2016
Share can be allocated between shareholders as number of shares if they are total 100 shares you can have 50 other one 50 any number based on your choice guy with more shares will have more control
venkat
(CA )
(1518 Points)
Replied 24 July 2016
Pvt companies can raise funds from 200 member s once see company act Pvt companies for more clarity or you can use your own funds for capital
Prasad
(Others)
(40 Points)
Replied 24 July 2016
Thank you. Do i need to invest 1 lac in cash or i can invest later any point of time against my subscribed share? And does it mean i can raise only 1 lac rs from shares as a fund?
venkat
(CA )
(1518 Points)
Replied 24 July 2016
U need to invest initially at the time of your company registration
Prasad
(Others)
(40 Points)
Replied 24 July 2016
Do i need to invest complete 1 lac amount against aurhorised shares? Or only pvt ltd registration fees?
venkat
(CA )
(1518 Points)
Replied 24 July 2016
Authorise shares at the time of reg with roc you must file memorandum of association which must contain the amt of share capital and it's subscriber
Prasad
(Others)
(40 Points)
Replied 24 July 2016
Right so need to physically invest in cash rs. 1 lac as an authorised capital. Only resgistation charges i need pay? Right? Correct me if i am wrong.
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