Partly paid up shares

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Law Aspire (Querist)

15 February 2012 Please Provide me a draft of Resolution for converting Partly Paid Up shares to fully paid up. Is there any requirement for filing Form-2 as we have already filed it at the time of allotment with amount remaining to be paid on each share as Calls In Arrears.

Ajay Mishra

Ajay Mishra (Expert)

15 February 2012 Hi

There is no need to file Form-2 again for the conversion of partly paid shares in to fully paid.

Jiten Gupta

Jiten Gupta (Expert)

01 March 2012 RESOLVED THAT pursuant to provisions of section 292 of Companies Act 1956 or/and other applicable provisions for the time being in force, 5000 Equity shares bearing distinct numbers from 5001 to 10000 of face value of Rs. 10, having been paid Rs. 5 per share on Application and Allotment, remaining Rs. 5 per share be and hereby called as First and Final call from the share holders.owning such shares.

FURTHER RESOLVED THAT Mr. A, Director/Secretary of company be and hereby authorised to make necessary entries in the Statutory Registers.

An attempt to make resolution. Other views are surely welcomed!!!!!!

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Ajay Mishra

Ajay Mishra (Expert)

01 March 2012 Thanks You Sir..

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