Further issue of shares by private ltd. company

This query is : Resolved

Harvinder kumar (Querist)
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28 July 2012 Dear Professionals,

Please provide that procedure of issuing of shares by a private Ltd. Company to its own existing shareholders.

Section 81 does not apply on the pvt ltd. companies. Then what would be procedure.

If a private limited company wants to issue shares only one or selected existing shareholders, what would be the procedure in this regard without going to general meetings.

Look forward to your kind reply.

Regards,
Harvinder

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Guest (Expert)

28 July 2012 1. Finalise list of allottees stipulating name of allottees, no of shares to be allotted, issue price etc.

2. Convene a board meeting and make allotment of shares.

3. File form 2 with ROC within 30 days of allotment

4. Issue share certificates to the allottees within 3 months

6. Also pay stamp duty on issue of shares

There is no need to call general meeting for making allotment in private company whether allotment is made to existing members or not.

With Regards

Neha

Harvinder kumar

Harvinder kumar (Querist)
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30 July 2012 Thank you Dear Neha,

Could you tell me further if situations are same but the Company is unlisted public company, what would be procedure for this......

In this case sec 81 applies and we want to issue right issue.....

Is statement in lieu of prospectus is required to be filed?

Look forward to your kind reply...

Regards,
Harvinder

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