Corporate law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2016
I wish to clarify a following
i.e. M/s. TF Pvt Ltd ha to share holders & its Paid up capital Rs.1.5 Lakh & Authorised Capital is Rs.10 Lakh.
Now it has to increase the paid up capital under Rights Issue?
Is it Possible to Issue 60000 Shares to one Share holder & balance only to another one ?
or
Is there any restriction ? i.e. Right Share should be proportionately issued to based on existing share holding?
Further Which form should file first whether PAS -3 or MGT-14?
What are the attachment has to enclosed in each form?
i.e. M/s. TF Pvt Ltd ha to share holders & its Paid up capital Rs.1.5 Lakh & Authorised Capital is Rs.10 Lakh.
Now it has to increase the paid up capital under Rights Issue?
Is it Possible to Issue 60000 Shares to one Share holder & balance only to another one ?
or
Is there any restriction ? i.e. Right Share should be proportionately issued to based on existing share holding?
Further Which form should file first whether PAS -3 or MGT-14?
What are the attachment has to enclosed in each form?
CS Ankur Srivastava
(Expert)
10 May 2016
This can be done under Section 42 private placement basis.
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