I want to know the whole procedure for increase in paid up share capital of a non-listed private company. If any resolution is required, then the format also.
03 February 2011
1)Check if the increase is within the authorised share capital. Else you will have to amend authorised capital clause in MOA/AOA. 2)If the increase is within ASC, then identiy the buyer. Since it is a private company you cannot invite public to subscribe for shares. You have to sell them through private placements viz., friends/relatives.etc. 3)After receiving the share consideration, allot the shares by passing a Board Resolution. BR to consist details of Number of shares allotted, Face Value of each Share, Name and address of Alottee, Share Certificate Number, Share Distinctive Numbers and the consideration received. 4)After allotment, issue share certificates under the signature of two directors and company secretary and affix the common seal of the company. Share certificates to bear appropriate stamp duty as applicable to the concerned State. 5)Within 30 days of allotment, file Form 2 with ROC attaching the list of allottees.
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