Alteration & allotment of share capital.

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kapil (Querist)
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11 August 2015 Dear Learned members,

Request you to Please advice on the following matters :-

I am in the process of Filing SH-7 for increasing the authorized share capital of a company. Now, I need to know:-

1) Whether filing MGT-14 is mandatory before filing SH-7, in case where company independently increasing its share capital.?

and

2) how can I allot equity shares of a company to the persons other than the existing shareholders/existing shareholders. Please elaborate the complete process.

Thanks in advance
-KAPIL DUDEJA

CS JAY GOHIL

CS JAY GOHIL (Expert)
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12 August 2015 1. MGT 14 is not required for authorised capital increase you can increase it by passing ordinary resolution in EGM

2. you can allot shares through PRIVATE PLACEMENTS u/s 42 of companies act 2013 via filling form GNL - 1, MGT - 14 & PAS - 3

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kapil

kapil (Querist)
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13 August 2015 Thank you so much sir :)