Further allotment of shares in pvt ltd
This query is : Resolved
06 June 2013
My query is
co is having authorised capital 7 crore
paid up capital is 3 crore
co desire to allot remaining 4 crore
is it very necessary to allot further shares to existing share holder in same proportion in which they already had or further allotment may be in different proportion.
Thanks in advance
ritesh
co is having authorised capital 7 crore
paid up capital is 3 crore
co desire to allot remaining 4 crore
is it very necessary to allot further shares to existing share holder in same proportion in which they already had or further allotment may be in different proportion.
Thanks in advance
ritesh
07 June 2013
Further issue of shares has to be according to the provisions of section 81 of the Companies Act,1956. But this section is not applicable to PRIVATE LIMITED companies. Therefore, the company has to go by the Articles of Association of the company. Again, if AOA is silent about further issue, the board of directors can decide the pattern of allotment.
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
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- DUE DATE FOR ITR FILING
- Residential status of non resident
- Reporting in TDS return
- Traces submitting correction statement error
- Short Term Gain Reporting ITR
- Taxation on Old jewellery sold
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
