Increase in paid up share capital
This query is : Resolved
SATABDI SEN GUPTA
(Querist)
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
(Expert)
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
(Querist)
07 November 2014
No we do not want to go for IPO.
Amol S Joglekar
(Expert)
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.
Make a statement in lieu of prospectus. Distribute the same. Let the concerned people who are desirous of subscribing; subscribe.
SATABDI SEN GUPTA
(Querist)
07 November 2014
Can u provide me with the detailed procedure?
Amol S Joglekar
(Expert)
07 November 2014
send me your e mail id.
Mine is amolshankar@gmail.com
Mine is amolshankar@gmail.com
SATABDI SEN GUPTA
(Querist)
07 November 2014
suchi.sengupta@gmail.com
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