Preference shares allotment
This query is : Resolved
07 March 2008
which forms are to be submitted by the Company for allotment of preference shares to ROC under the Companies Act, 1956?
S.Srinivasaraghavan
(Expert)
07 March 2008
Form 2.
07 March 2008
PL. SEE IF AUTHORISED CAPITAL IS SUFFICIENT TO ALLOT FURTHER SHARES UNDER PREF. ROUTE. IF NOT, PROCEED TO INCREASE AUTH. CAPITAL FOR WHICH YOU HAVE TO PASS SHAREHOLDER RESOLUTION FOR CHANGE IN CAPITAL CLAUSE OF MEMORANDUM AND ARTICLES(BOTH).FILE FORM 23 AND ALSO FORM 5 .
THE NEXT STEP IS , YOU NEED TO PASS RESOLUTION IN AGM/EGM FOR PREF.ALLOTMENT UNDER 81(1A)AND FILE FORM 23 WITH ROC.
COMPLY ALSO WITH PREF. ALLOTMENT RULES FOR UNLISTED COMPANIES ( THESE RULES APPLY FOR AN UNLISTED COMPANY).
IF A LISTED COMPANY,PL. OBTAIN IN PRINCIPLE APPROVAL FROM ALL STOCK EXCH. WHERE THE COMPANY IS LISTED. THEN ONLY YOU CAN PROCEED TO PASS RESOLUTION UNDER SEC 81(1A)
AFTER ALLOTTING SHARES IN A BOARD MEETING, FILE FORM 2 WITH ROC.
R.V.RAO
PL. SEE IF AUTHORISED CAPITAL IS SUFFICIENT TO ALLOT FURTHER SHARES UNDER PREF. ROUTE. IF NOT, PROCEED TO INCREASE AUTH. CAPITAL FOR WHICH YOU HAVE TO PASS SHAREHOLDER RESOLUTION FOR CHANGE IN CAPITAL CLAUSE OF MEMORANDUM AND ARTICLES(BOTH).FILE FORM 23 AND ALSO FORM 5 .
THE NEXT STEP IS , YOU NEED TO PASS RESOLUTION IN AGM/EGM FOR PREF.ALLOTMENT UNDER 81(1A)AND FILE FORM 23 WITH ROC.
COMPLY ALSO WITH PREF. ALLOTMENT RULES FOR UNLISTED COMPANIES ( THESE RULES APPLY FOR AN UNLISTED COMPANY).
IF A LISTED COMPANY,PL. OBTAIN IN PRINCIPLE APPROVAL FROM ALL STOCK EXCH. WHERE THE COMPANY IS LISTED. THEN ONLY YOU CAN PROCEED TO PASS RESOLUTION UNDER SEC 81(1A)
AFTER ALLOTTING SHARES IN A BOARD MEETING, FILE FORM 2 WITH ROC.
R.V.RAO
07 March 2008
FORM 2
07 March 2008
Return of allotment of pref shares is same as in the case of equity shares allotment i.e., Form 2
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