ALLOTMENT OF SHARES
This query is : Resolved
15 April 2010
A pvt ltd company alloted shares on 31/03/2010 against share money received on 1/4/2009. One of the alottees has objected to late allotment and wants the company to allot shares wef 1/4/2009. Allotment dated 31/3/2010 is already approved by ROC.Can the allotment dated 31/3/2010 be reversed and allotment wef 1/4/2009 be effected by paying late fees. All the moneies received against the shares alloted was on 1/4/2009.
15 April 2010
In my view, no possible. Because, the allotment has been made by the board on 31/3/2010 and the ROC has also taken the same on record. Try to understand the objection of the shareholder. I believe, there is no reason other than indiscipline that should be an issue.
16 April 2010
Agree with experts.
Now there is no chance of reversal as the same has been approved by ROC.
Now there is no chance of reversal as the same has been approved by ROC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
