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?
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procedure for allotment of shares 1st time
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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?
| Originally posted by :Guest | ||
| " | In a private limited company anybody other than directors can get share allotment if they invest in that?. | " |
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
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
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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