Preference Shares

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Abhishek Saxena

Abhishek Saxena (Querist)
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23 February 2010 What is the procedure for issue of preference shares by a Limited company?

Ankur Garg

Ankur Garg (Expert)
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23 February 2010 Hi,

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 preference 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.

Regards

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
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23 February 2010 agreed with expert

Jagruti (CS)

Jagruti (CS) (Expert)
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24 February 2010 Just to inform that before issue of Pref Shares kindly confirm that your articles provide for issue of Pref Share otherwise need to amend AoA.

Abhishek Saxena

Abhishek Saxena (Querist)
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24 February 2010 Thanks Ankur, Gangadhar & Jagruti.

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