issue of shares to new investors in a Pvt Ltd Co

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Anil Jacob (Querist)

16 February 2009 We have an authorised capital of Rs.500000/- (50000 shares @10). we subscribed the capital of Rs.300000(30000 shares @10). we would like to issue the 10000 shares to two new parties at the price of Rs.25(Rs.15 premium). Please help me on the proceedures of issuing shares and share certificate of this pvt Ltd company.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

16 February 2009 Step 1 : Record the list of applications.

Step 2 : Call for a board meeting.

Step 3 : Include the subject allotment of shares.

Step 4 : Allot the shares in the board meeting.

Step 5 : File form 2 to mca

Step 6 : Pay stamp duty

Step 7 : Issue physical shares to the allottees.

Anil Jacob

Anil Jacob (Querist)

16 February 2009 Thanks for the information. How much would be the stamp duty in Bangalore based company?. Can you help me by sending the format of a share certificate?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

16 February 2009 Stamp duty in bangalore is 0.1% on the value of shares to be issued and send your address to my mail id sahanaseena@gmail.com. I will send you the photocopy of the certificate.

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