Issue of Shares by Pvt. Ltd Company

This query is : Resolved

Degaleeswaran (Querist)
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07 July 2011 Dear Members,

A Private Ltd., company which is a 100% subsidiary of public Company formed during Dec 2010 wants to issue some more shares to its holding Company.

In this situation what resolution need to be passed and what procedures to be followed.

Please explain.
with many thanks
K Degaleeswaran

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Guest (Expert)

07 July 2011 Board resolution, as Section 81(1A) is not applicable in case of issue of shares to existing members..

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