Issue of New Share to New Directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
Dear Sir,
We are a privately held Pvt. Ltd company
holidng approx. 50+50% shares by two existing
directors.
We intend to appoint to 3 new Directors
for which their DIN nos have been allocated.
We intend to issue free shares around 41% to this new directors (21+10+10)as per our internal agreement without any charges.
Kindly advise.
We are a privately held Pvt. Ltd company
holidng approx. 50+50% shares by two existing
directors.
We intend to appoint to 3 new Directors
for which their DIN nos have been allocated.
We intend to issue free shares around 41% to this new directors (21+10+10)as per our internal agreement without any charges.
Kindly advise.
23 February 2011
Please follow the following procedure:
Hold board meeting and decide thet further share would be issed
Alter MEMO and Article if authorised capital is less. HOld EOGM and file form no 23 to ROc
Receive share amount from new allottee.
Hold again bOard meeting and allot shares to them
file form no 2 to ROC
Hold board meeting and decide thet further share would be issed
Alter MEMO and Article if authorised capital is less. HOld EOGM and file form no 23 to ROc
Receive share amount from new allottee.
Hold again bOard meeting and allot shares to them
file form no 2 to ROC
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Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
Dear Sir
Kindly inform at what minimum price
can additional shares be issued.
Can it be issued Free ?
Can it be gifted free to my brother ?
Will any income tax or wealth tax
be charged on this free issued gifted shares?
Thanking you
Kindly inform at what minimum price
can additional shares be issued.
Can it be issued Free ?
Can it be gifted free to my brother ?
Will any income tax or wealth tax
be charged on this free issued gifted shares?
Thanking you
24 February 2011
Price of the additional shares is determined on the basis of the following:-
Book Valuse of shares
Present Working of the Company
Future prospect of the COmpamy
Shares cannot be issue free to any one. Company cannot gift its shares.
You can issue Bonus shares to the existing shareholders of the company by Complying provisions of the Companies ACt
Book Valuse of shares
Present Working of the Company
Future prospect of the COmpamy
Shares cannot be issue free to any one. Company cannot gift its shares.
You can issue Bonus shares to the existing shareholders of the company by Complying provisions of the Companies ACt
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