Increase in paid up share capital

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SATABDI SEN GUPTA (Querist)
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07 November 2014 I have a public limited company which wants to increase its paid up share capital from Rs. 5 lakhs to Rs. 25 crores, by alloting shares to new shareholders. Do i have to follow private placement basis for the same? If not, please give the procedure for increasing the paid up capital.

Amol S Joglekar

Amol S Joglekar (Expert)
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07 November 2014 It is a public company. You can very well issue the OFFER to public. Let them subscribe and then you can allot. Of course you can also go by private placement basis.

SATABDI SEN GUPTA

SATABDI SEN GUPTA (Querist)
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07 November 2014 No we do not want to go for IPO.

Amol S Joglekar

Amol S Joglekar (Expert)
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07 November 2014 No, not IPO. It is not a listed company right?
Make a statement in lieu of prospectus. Distribute the same. Let the concerned people who are desirous of subscribing; subscribe.

SATABDI SEN GUPTA

SATABDI SEN GUPTA (Querist)
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07 November 2014 Can u provide me with the detailed procedure?

Amol S Joglekar

Amol S Joglekar (Expert)
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07 November 2014 send me your e mail id.
Mine is amolshankar@gmail.com

SATABDI SEN GUPTA

SATABDI SEN GUPTA (Querist)
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07 November 2014 suchi.sengupta@gmail.com

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