Filing of forms on MCA portal for allotment of shares for a new company
This query is : Resolved
03 May 2025
Please clarify the forms if any to be filed on the MCA Portal for allotment of shares after the commencement of business for a newly incorporated company.
Thank you !
Please clarify the forms if any to be filed on the MCA Portal for allotment of shares after the commencement of business for a newly incorporated company.
Thank you !
12 August 2025
1. PAS-3 (Return of Allotment of Shares)
When: Must be filed within 30 days of allotment of shares.
Purpose: To inform MCA about the allotment of shares by the company.
Details: Number of shares allotted, nominal value, amount paid, etc.
Applicable for: All types of share allotments — initial or further allotments.
Penalty: If not filed within 30 days, penalty of ₹1,000 per day of default (Section 403 of Companies Act).
2. Other Relevant Filings (If applicable):
INC-20A (Declaration of Commencement of Business):
For companies other than One Person Company (OPC).
Must be filed within 180 days of incorporation to declare commencement of business.
This is mandatory before allotting shares to subscribers or issuing shares.
PAS-2 (Notice of Intention to Allot Shares):
File before allotting shares to the public (if applicable).
Usually relevant for Public Companies.
Summary for a New Private Limited Company:
Action Form Timeline
Declaration of Commencement of Business INC-20A Within 180 days of incorporation
Allotment of Shares PAS-3 Within 30 days from allotment
Important Notes:
Filing PAS-3 is mandatory even if shares are allotted to subscribers at the time of incorporation.
Ensure all relevant board/shareholder resolutions are passed before filing.
Keep the share capital and paid-up capital details accurate in filings.
When: Must be filed within 30 days of allotment of shares.
Purpose: To inform MCA about the allotment of shares by the company.
Details: Number of shares allotted, nominal value, amount paid, etc.
Applicable for: All types of share allotments — initial or further allotments.
Penalty: If not filed within 30 days, penalty of ₹1,000 per day of default (Section 403 of Companies Act).
2. Other Relevant Filings (If applicable):
INC-20A (Declaration of Commencement of Business):
For companies other than One Person Company (OPC).
Must be filed within 180 days of incorporation to declare commencement of business.
This is mandatory before allotting shares to subscribers or issuing shares.
PAS-2 (Notice of Intention to Allot Shares):
File before allotting shares to the public (if applicable).
Usually relevant for Public Companies.
Summary for a New Private Limited Company:
Action Form Timeline
Declaration of Commencement of Business INC-20A Within 180 days of incorporation
Allotment of Shares PAS-3 Within 30 days from allotment
Important Notes:
Filing PAS-3 is mandatory even if shares are allotted to subscribers at the time of incorporation.
Ensure all relevant board/shareholder resolutions are passed before filing.
Keep the share capital and paid-up capital details accurate in filings.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
