Hi,

What is the procedure for allotting shares from one director to a newly appointed director?


situation-
ABC pvt. ltd has authorised and paid up capital of Rs 100000(10000 shares of rs. 10 each) issued as 5000 shares to each of the promoter directors.

Now a new director is to be added in the company and he is to be allotted 2000 shares from one of the existing director.

query-
1. what forms are required for this process?
2. how is the new director appointed?
3. how will be the shares transferred to him from existing director?


Please respond.

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regards
prabhu

dear sir
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regards
prabhu

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Dear Sir,

A public listed company has authorised capital of Rs. 345 crore out of which 40 crore is equity and rest is preference share capital. company has issued, subscribed and paid up capital equity of Rs. 39114100. under CDR Scheme of the company, the company has also issued 15 crore cumulative redeemable preference shares (CRPS). On Mca site, in company master data, issued capital is still 391141000. company has also filed form 2 for the allotment of these CRPS. Should it not be shown as total issued capital. If not why. please explain in detail.
Thanks

Hi,

I was working in a MNC.I have left the company and working as a Freelancer since May2010.

I got some ESPP shares when I was employee.

I recently sold them in March 2011.I held these shares for more than 2 years

I also paid FBT tax while I was in the company.

My question is that Do Ihave to pay tax on the earnings from ESPP sale?
If yes how much Tax I have to pay ?

Thanks,
Amit Jain