Return of allotment

This query is : Resolved 

23 March 2013 Dear Members,

Can anyone let me know the procedure of Return of Allotment of Shares against Loan from Directors in a private limited company.

Regards,
Shailesh

23 March 2013 Hi

First of all made an share purchase agreement with director to become a member from lender. after this you will call a Board meeting to allot the shares against the loan amount.

File Form-2 with ROC within 30 days from the date of allotment.


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