Further issue of shares by pvt companiea

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Gayatri (Querist)
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11 June 2014 Can someone send me the checklist for issue of further shares to existing members as per the Companies Act, 2013 of private limited company who is a subsidiary of unlisted public company. Its very urgent

CS Divesh Goyal

CS Divesh Goyal (Expert)
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12 June 2014 PROCECURE FOR PRIVATEPLACEMENT OF SHARES
Section (1)(c) read with Sec-42
1. Check Provision in Article regarding Private Placement
2. Call Board Meeting:
• To Prepare Offer Letter
• Make Proposal for Private Placement
• Prepare list of persons to whom option will be given
• Call EGM
3. Call EGM:
• Pass SR- will be valid for 12 month
• If not completed PP in 12 Month pass another SR
• Approve Draft Offer Letter by SR
4. File MGT-14 with ROC
5. Issue offer letter in PAS-4 within 30 days of record of name of persons:
• Application form serially numbered
• Address to the persons to whom the offer is made
6. Prepare complete record of Private Placement in PAS-5
7. File PAS-4 + PAS-5 with ROC within 30 days of issue of offer letter
8. Make Allotment of shares within 60 days of receipt of Money from the persons to whom right was given.
9. Called BM for allotment of shares
10. F ile PAS-3 with Roc within 30 days if Allotment.
11. Issue Share Certificates.

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