Alteration & allotment of share capital.
This query is : Resolved
11 August 2015
Dear Learned members,
Request you to Please advice on the following matters :-
I am in the process of Filing SH-7 for increasing the authorized share capital of a company. Now, I need to know:-
1) Whether filing MGT-14 is mandatory before filing SH-7, in case where company independently increasing its share capital.?
and
2) how can I allot equity shares of a company to the persons other than the existing shareholders/existing shareholders. Please elaborate the complete process.
Thanks in advance
-KAPIL DUDEJA
Request you to Please advice on the following matters :-
I am in the process of Filing SH-7 for increasing the authorized share capital of a company. Now, I need to know:-
1) Whether filing MGT-14 is mandatory before filing SH-7, in case where company independently increasing its share capital.?
and
2) how can I allot equity shares of a company to the persons other than the existing shareholders/existing shareholders. Please elaborate the complete process.
Thanks in advance
-KAPIL DUDEJA
12 August 2015
1. MGT 14 is not required for authorised capital increase you can increase it by passing ordinary resolution in EGM
2. you can allot shares through PRIVATE PLACEMENTS u/s 42 of companies act 2013 via filling form GNL - 1, MGT - 14 & PAS - 3
2. you can allot shares through PRIVATE PLACEMENTS u/s 42 of companies act 2013 via filling form GNL - 1, MGT - 14 & PAS - 3
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