allotment of shares

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CA.Ritu Agarwal (Querist)

06 March 2010 Hi. what is the procedure for allotment of shares in Limited Company not Private Limited. Moreover do we need to file form 23 in this case to MCA.

Please reply
Thanks

Ankur Garg

Ankur Garg (Expert)

06 March 2010 Hi Ritu,

In case of allotment of shares Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

No need to file form 23 in case of allotment of shares.

Regards

CA.Ritu Agarwal

CA.Ritu Agarwal (Querist)

06 March 2010 Thanks a lot. can I also have a format of Board's resolution.

Ankur Garg

Ankur Garg (Expert)

06 March 2010 Kindly check the link below and find desired resolution for allotment at number 5:

https://www.caclubindia.com/articles/ca-articleship-some-useful-corporate-board-resolutions-i-3911.asp

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