Min. No. of members in case of Wholly owned subsidiary ....
This query is : Open
09 November 2009
Q.1 We are planning to make a parent holding co. for bette control and also for fund movement in group companies. So which form of company would be
better for this. NBFC, PVT co, or PUBLIC Co. or any other?
Q.2 In case of wholly owned subsidiary there is only 1 shareholder. Then what would happen in AGM, as in AGM 2 members required for quoram to held AGM for a PVT LTD Co.?
better for this. NBFC, PVT co, or PUBLIC Co. or any other?
Q.2 In case of wholly owned subsidiary there is only 1 shareholder. Then what would happen in AGM, as in AGM 2 members required for quoram to held AGM for a PVT LTD Co.?
Ankur Garg
(Expert)
09 November 2009
1. Go for private company
2. How can u incorporate a company in India with one shareholder? However increase number of members by fresh allotment of equity shares.
Regards
2. How can u incorporate a company in India with one shareholder? However increase number of members by fresh allotment of equity shares.
Regards
Ankur Garg
(Expert)
09 November 2009
PROCEDUTE FOR ALLOTMENT OF SHARES
Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.
Procedure
1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.
Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.
Procedure
1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.
Ankur Garg
(Expert)
09 November 2009
Please tell me if there is any problem.
29 January 2010
Ankur sir, the Company can have one shareholder but can not have only one member.
The Subscribers of the Memorandum are also treated as Member of the Company.
The two Subscribers can be as follows:
One As a Nominee of the Company
And the Other on Behalf of the Company.
In this way there will be only one Shareholder. And the Number of Member will also be increased.
The Subscribers of the Memorandum are also treated as Member of the Company.
The two Subscribers can be as follows:
One As a Nominee of the Company
And the Other on Behalf of the Company.
In this way there will be only one Shareholder. And the Number of Member will also be increased.
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