Sony Ahuja (PCS) (57 Points)
26 December 2014What is the procedure for conversion of advance from customers received into equity under the new act. Also, what are the documents and forms required to be filed with the ROC regarding the same.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 26 December 2014
You may allot shares under Private placement of equity shares under section 42 of the Companies Act, 2013.
Forms to be filed with ROC:
1.Form SH 7 for increase in authorised Capital if required.
2. 2 Form GLN2 (for filing private placement offer letter and records of allottees to the ROC along with Board and shareholders resolution)
3. Form MGT14 (filing of copy of special resolution for approval of private placement)
4. Form PAS 3 (for allotment of shares).
Sony Ahuja
(PCS)
(57 Points)
Replied 26 December 2014
CS Divesh Goyal
(Practicing Compnay Secretary)
(50220 Points)
Replied 09 January 2015
CAclubindia
