Issue of equity share
This query is : Resolved
18 July 2013
Dear Experts, please tell me the procedure of issue of equity and preference share for an unlisted government public company.
please treat it urgent .
please treat it urgent .
19 July 2013
PROCEDURE FOR ISSUE OF SHARES OF PUBLIC LIMITED COMPANY
The company can issue share in accordance with the provision of section 291, 292 and section 81 read with company’s article of association. There are following procedure or issuing and allotting shares:
1. After receiving share application money in bank account/cash, call a Board Meeting for issue and allot shares to the investor and for calling of general meeting for passing of resolution under section 81(1A) of the Companies Act, 1956.
2. Hold Board Meeting for issue of shares and approve the draft notice for general meeting;
3. Hold a General Meeting for issuing shares under section 81(1A) by passing special resolution;
4. File Form-23 with ROC with in 30 days from the date of passing of resolution;
5. Hold a Board Meeting for allotting shares to the Investor;
6. After issuing & allotting shares file Form-2 with ROC within 30 days from the date of allotment.
7. Issue shares certificate as per provisions of section 113 of the Companies Act, 1956.
8. Make entry in Minutes
9. Give the details of shareholders in Form-20B(Annual Return) with ROC annually with in 60 days from the date of AGM.
The company can issue share in accordance with the provision of section 291, 292 and section 81 read with company’s article of association. There are following procedure or issuing and allotting shares:
1. After receiving share application money in bank account/cash, call a Board Meeting for issue and allot shares to the investor and for calling of general meeting for passing of resolution under section 81(1A) of the Companies Act, 1956.
2. Hold Board Meeting for issue of shares and approve the draft notice for general meeting;
3. Hold a General Meeting for issuing shares under section 81(1A) by passing special resolution;
4. File Form-23 with ROC with in 30 days from the date of passing of resolution;
5. Hold a Board Meeting for allotting shares to the Investor;
6. After issuing & allotting shares file Form-2 with ROC within 30 days from the date of allotment.
7. Issue shares certificate as per provisions of section 113 of the Companies Act, 1956.
8. Make entry in Minutes
9. Give the details of shareholders in Form-20B(Annual Return) with ROC annually with in 60 days from the date of AGM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
