increasing the minimum number of members

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GIRISH D.P (Querist)
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25 February 2010 What is the proceedure followed for increasing the minimum number of
members to seven while converting a private company into a public co.
which forms has to be filed. Plz clarify.

Regards
GIRISH

Jagruti (CS)

Jagruti (CS) (Expert)
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25 February 2010 For increasing the number of members you need to transfer exisitng shares or allot new shares to new individual.

In case of transfer, no Form needs to be filed with ROC, just follow the transfer procedure.

While in case of allotment of shares, Company has to file Form 2 for allotment within 30 days of allotment date i.e board resolution

GIRISH D.P

GIRISH D.P (Querist)
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25 February 2010 Dear Jagruti,
Thank u very much for the same...

Regrds
GIRISH

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