Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Alteration & allotment of share capital.

Save Share

This query is : Resolved

kapil (Querist)

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

CS JAY GOHIL

CS JAY GOHIL (Expert)

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

Message likes : 1 times

kapil

kapil (Querist)

13 August 2015 Thank you so much sir :)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now