Allotment of shares to the existing shareholders of a pvt co

Jayanti Dey (Practicing Company Secretary)   (271 Points)

16 June 2016  

What is the procedure to allot shares to the existing shareholders of the company? And the shares will be alloted to the 3 shareholders on three different dates within a gap of 2-3 days in between. Can this be done incase of a Pvt Ltd company? Kindly help me out.