Hi All,
Share Allotment to Subscribers to the MOA
ashish lohiya (chartered accountants) (58 Points)
10 November 2008ashish lohiya (chartered accountants) (58 Points)
10 November 2008Hi All,
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 10 November 2008
Please note that the subscibers are automatically allotted the shares on the date of company registration. Therefore the question of Board resolution for allotment ad filing of Form 2 are not applicable.
S Kedarnath
(91 Points)
Replied 12 November 2008
subscribers to the MOA are deemed members right from the date of incorporation and the allotment to them is a deemed alotment and no specific resolution is required for allotment. However, share certificates are required to be issued for which board resolution is necessary.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)