Issue of shares

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Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2012 1-can a director of pvt ltd co be issued shares at premiun?
2-what is d relevant section to it?

Ajay Mishra

Ajay Mishra (Expert)
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02 April 2012 Hi

Yes, you can allot shares read your company articles.

In case of Private company you can allot shares to its director ob Board Meeting and file return under section 75 of the Companies Act, 1956.
The provision of section 81 is not apply to private company.

Regards

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Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2012 thank u sir, can u also tell me d fees or stamp duty of increasing the authorised capital

Ajay Mishra

Ajay Mishra (Expert)
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03 April 2012 It will depend and vary on state to state. In which state ur Registered office is situated.

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2012 its gujarat...

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