05 November 2012
A pvt co is going to allot its shares after incorporation. can a body corporate's application to subscribe the shares be accepted which is not a a member of the co as yet?
If a company going to take shares of another company the following documents is required to be submitted with company:
1. Share Application Form 2. Copy of Board Resolution under section 292 3. Copy of Board Resolution who will sign the documents on behalf of the company 4. MOA and AOA of the Company 5. List of Directors of the Company 6. Shareholding Pattern as on date 7.PAN of the Company 8. Specimen signature of Authorised Signatory.
If the all documents is available with company they can allot shares to the company.
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