Mgt-14 required for allotment of right shares

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2015 Dear Sir/mam,
Please tell me whether MGT-14 Required to be fill, if resolution pass by Boards of Directors for allotment of right shares

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 April 2015 Yes, please see section 117(3)(g) along with 179(3)(c).

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2015 Thanks sir
one question also be provide:
Whether MGT -14 also required for Board resolution pass for raise capital by right issue

Pratik Shah

Pratik Shah (Expert)
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25 April 2015 I differ to the views of Mr. B. Chackrapani.

You are not required to file MGT-14 for board resolution of Allotment of shares. You are required to file it only for Issue of Shares i.e. at the time when you pass a resolution for Issue of Shares.

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2015 Pratik Shah ji thanks