issue of shares
This query is : Resolved
13 March 2010
three promoter formed a new company for takeover the business of proprietorship business in this case one promotore is a proprietor of that proprietorship concern & second is spouse of one & third is friend of second, now that in this situation clarify the issuence of share to shareholders :
that after issue minimum shares as per moa & aoa, is it necessary to issue the shares to be proprietor.
(co. authorised capital 10 lac
issued capital 3.00 lac (1.00 lac to each)
proprietor capital as on take over date 20.00
that after issue minimum shares as per moa & aoa, is it necessary to issue the shares to be proprietor.
(co. authorised capital 10 lac
issued capital 3.00 lac (1.00 lac to each)
proprietor capital as on take over date 20.00
13 March 2010
There are two ways of dealing with the situation.
1) Increase authorised capital and Issue shares.
2) Show the balance amount as loans from director.
Option 1 is preferable.
1) Increase authorised capital and Issue shares.
2) Show the balance amount as loans from director.
Option 1 is preferable.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
