issue of new share cap for pvt ltd co.

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Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2011 dear experts,
Please guide me for making of compliances of issue of new shares of private company.

fact of case:

co: pvt ltd

authosied sh cap: Rs 100000

issued cap: (already issued) rs 100000

proposal: issue new 5% (500 in nos.) shares for50 lacs ASAP

ReQUIRED: compleate Process/ procedure .

Please reply,

best regard ,
Ashutosh

CS Taher

CS Taher (Expert)

13 March 2011 As u said ur co Auth cap is Rs. 1 lacs only and u want to allot shares of value Rs. 50 lacs, thn u must go through the following procedure-

1. Pass Board Resolution for calling EGM for issue of further shares.
2. Give notice to all Directors ,Members and all regulatory bodies if ur company is listed.
3. The time gap between notice and Egm shall be not less than 21days.
4. Convey EGM, pass Special Resolution or Ordinary resolution as laid in Article.
5. Pass resolution for increase in Auth Capital & Alteration of Clause V of Memorandum & Clause IV of Article of Association.
6. File Form-23 within 30 days of EGM
7. Alter the Article & Memorandum.
8. File form 5(Increase in Auth Cap.
9. Attached with form-5 copy of resolution and copy of Alterd Article & Memorandum.
10. After getting approval from ROC about the increase in Auth Capital pass board resolution for further issue of shares.
11. File form-2(allotment of share) within 30 days of passing board resolution for issue of further shares.

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2011 Thank u very much taher.

pls tell me about issue of share certificate. and if possible pls forward me copy/ format of share certificate

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