Allotment of shares
This query is : Resolved
Dharmik A Jobanputra
(Querist)
07 June 2011
which resolution should be passed at the time of share allotment by private limited ? and what is the procedure for same ?
Jayashree S Iyer
(Expert)
08 June 2011
For share allotment Board resolution is sufficient.
Hold a Board Meeting and pass a resolution for allotment of shares.
If shares are alloted consequent to transfer of shares, get the share transfer form (7B) duly executed by the transferor and the transferee. Pay stamp duty.
Within 30 days of allotment file Form 2 with ROC.
Issue share certificate within 90 days in case of allotment and within 60 days in case of transfer.
Make necessary entries in the Register of Members.
Hold a Board Meeting and pass a resolution for allotment of shares.
If shares are alloted consequent to transfer of shares, get the share transfer form (7B) duly executed by the transferor and the transferee. Pay stamp duty.
Within 30 days of allotment file Form 2 with ROC.
Issue share certificate within 90 days in case of allotment and within 60 days in case of transfer.
Make necessary entries in the Register of Members.
Dharmik A Jobanputra
(Querist)
10 June 2011
thanks for such quick reply
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
