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Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2013 Process of Share Allotment

1) Get the Cheque from Shareholder
2) Issue share application and allotment form
3) Prepare List of Allotee
4) File Form-2
5) Make changes in Register

Is this process complete.Moreover, what will happen to the cheque and what if we dont have forms for the allotment made fews before

PLEASE GUIDER

Ajay Mishra

Ajay Mishra (Expert)
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02 August 2013 Hi

PROCEDURE FOR ISSUE OF SHARES OF PUBLIC LIMITED COMPANY

The company can issue share in accordance with the provision of section 291, 292 and section 81 read with company’s article of association. There are following procedure or issuing and allotting shares:

1. After receiving share application money in bank account/cash, call a Board Meeting for issue and allot shares to the investor and for calling of general meeting for passing of resolution under section 81(1A) of the Companies Act, 1956.
2. Hold Board Meeting for issue of shares and approve the draft notice for general meeting;
3. Hold a General Meeting for issuing shares under section 81(1A) by passing special resolution;
4. File Form-23 with ROC with in 30 days from the date of passing of resolution;
5. Hold a Board Meeting for allotting shares to the Investor;
6. After issuing & allotting shares file Form-2 with ROC within 30 days from the date of allotment.
7. Issue shares certificate as per provisions of section 113 of the Companies Act, 1956.
8. Make entry in Minutes
9. Give the details of shareholders in Form-20B(Annual Return) with ROC annually with in 60 days from the date of AGM.

Ajay Mishra

Ajay Mishra (Expert)
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02 August 2013
PROCEDURE FOR ISSUE OF SHARES OF PRIVATE LIMITED COMPANY

The company can issue share in accordance with the provision of section 291 and 292 read with company’s article of association. The provisions of section 81 is not applicable to private limited company. There are following procedure or issuing and allotting shares:

1. After receiving share application money in bank account/cash, call a Board Meeting for issue and allot shares to the investor.
2. Hold Board Meeting for issue and allot shares
3. After issuing & allotting shares file Form-2 with ROC with in 30 days from the date of allotment.
4. Issue shares certificate as per provisions of section 113 of the Companies Act, 1956.
5. Make entry in Minutes
6. Give the details of shareholders in Form-20B(Annual Return) with ROC annually with in 60 days from the date of AGM.

Regards

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Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2013 And what about the share application forms Sir??

Ajay Mishra

Ajay Mishra (Expert)
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02 August 2013 Without share application form, how you get the money in Bank/company.

This is the initial stage. You will get the same with application money.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2013 Thanks Sir....

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