If there is no timeline for a private company for issuing shares in case of Indian investors / share holders then what is the right of a share holder after he pays his share capital money to the company and doesnt receive his share certificate? How can he transfer his shares or de-invest from the company in that case?
procedure for allotment of shares 1st time
Page no : 2
mehul patel
(proprietor)
(26 Points)
Replied 27 July 2009
| Originally posted by :Guest | ||
| " | In a private limited company anybody other than directors can get share allotment if they invest in that?. | " |
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 27 July 2009
Dear Mr. Mehul
In case of private company the only restriction is that the no. of member shold not exceed 50. You can allot shares to director also, there is no restriction of allotment of shares, unless the company's articles provire otherwise.
Regards
Malav Shah
(Company Secretary and AVP Legal)
(171 Points)
Replied 27 July 2009
Dear Friends
Please read the attached file. It a note on the treatment of application money pending allotment. This will clear all the issues.
Regards
Malav
Attached File : 23 note on share application money.pdf downloaded: 1056 times
Sridhar
(Secreterial Executive)
(21 Points)
Replied 25 August 2011
hi
can can any help in drafting the resolution for allotment of swaet equty shares to one of the director its urjent dear
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