Issue & allotment of shares

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CA Aditya (Querist)
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04 November 2009 Pls help.
What is the procedure(in full) for further issue (other than 1st subscription)and allotment of equity shares by a private limited company to it's existing share holders ?
What forms to be filled and what resolutions to be passed ?
What may be regarded as a conclusive proof of such issue and allotment ?
Pls help.
mail : surajvyas@yahoo.com

Ankur Garg

Ankur Garg (Expert)
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04 November 2009 Hi Aditya,

Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

Regards

Ankur Garg

Ankur Garg (Expert)
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04 November 2009 Proof of allotment:

1. Increased paid up capital in the master data of company at MCA site may be regarded as proof of allotment.

2. Certified true copy of Board resolution along with share certificate may also be regarded as proof of allotment.

Regards

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