allotment of shares

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CA.Ritu Agarwal (Querist)
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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.

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Thanks

Ankur Garg

Ankur Garg (Expert)
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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)
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06 March 2010 Thanks a lot. can I also have a format of Board's resolution.

Ankur Garg

Ankur Garg (Expert)
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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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