Issue and allotment of preference shares
This query is : Resolved
priya shah
(Querist)
19 March 2016
Hello Sir,
Iam into a Process to allot Preference Shares of a Private limited Company. Please Suggest me the process for it and whether we have to file Form MGT-14 to ROC or not....... Which process will be better and any other law or Act other than Companies Act, 2013 which should be followed to Allot Preference Shares in a Pvt Ltd Company
Iam into a Process to allot Preference Shares of a Private limited Company. Please Suggest me the process for it and whether we have to file Form MGT-14 to ROC or not....... Which process will be better and any other law or Act other than Companies Act, 2013 which should be followed to Allot Preference Shares in a Pvt Ltd Company
CS Ankur Srivastava
(Expert)
02 April 2016
First increase the Authorised share capital by way of ordinary resolution forms : SH7
You need to get approval from shareholders for private placement or preferential allotment by way of special resolution and file form MGT 14
Approval of Offer letter, and filling of form 2 forms GLN2 for filing offer letter in PAS 4 and PAS 5
Allotment of securities and filing of form PAS 3 and MGT 14.
YOu should take the route of Private Placement of Preference shares.
You need to get approval from shareholders for private placement or preferential allotment by way of special resolution and file form MGT 14
Approval of Offer letter, and filling of form 2 forms GLN2 for filing offer letter in PAS 4 and PAS 5
Allotment of securities and filing of form PAS 3 and MGT 14.
YOu should take the route of Private Placement of Preference shares.
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