Further issue of shares by private ltd. company

This query is : Resolved

Harvinder kumar (Querist)
Follow

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

Guest

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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Further issue of shares by private ltd. company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final