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company law

This query is : Resolved 

Can a Private limited Company issue shares? If yes, what is the procedure?


Yes Private Limited Company can issue the shares.

Procedure.

1. Convene a Board Meeting and pass a resolution alloting the shares to the applicants approved.

2. Send the intimation to the allottees by way of allotment letters.

3. File return of allotment in Form No. 2 within 30 days with concerned ROC from the date of allotment with necessary details and enclosures.

4. Enter necessary details in Register of Members.

Hi,

Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.


Regards

Thnks a Lot


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