Allotment of shares of unlisted public company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2012
Dear All,
Pl advise.
Unlisted public company has received share application money from existing shareholder as well as new member who are relative of existing shareholder.
In 2011 co has allotted shares on pref allot basis. Now which procedure has to follow by co for allot of shares.if it is pref allot then what shud be time gap bet two prf allot?
Thanks in anticipation.
Pl advise.
Unlisted public company has received share application money from existing shareholder as well as new member who are relative of existing shareholder.
In 2011 co has allotted shares on pref allot basis. Now which procedure has to follow by co for allot of shares.if it is pref allot then what shud be time gap bet two prf allot?
Thanks in anticipation.
Ajay Mishra
(Expert)
28 August 2012
Hi
The Section 81(1A) of the Companies Act, 1956 and Rules made there under not specifically mentioned about time gap between two preferential allotment.
It will depend on the company management, how they will deal such matter subject to the company's articles.
The Section 81(1A) of the Companies Act, 1956 and Rules made there under not specifically mentioned about time gap between two preferential allotment.
It will depend on the company management, how they will deal such matter subject to the company's articles.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Gift to nri relatives resides in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
