Return of allotment
This query is : Resolved
08 April 2010
I have authorised capital of Rs 1 lac.
The same needs to be increased to Rs 4 lacs.
Now before form no 5 gets approved, is it possible to file the return of allotment in form no 2 for allotment of Rs 3 lacs share?
The same needs to be increased to Rs 4 lacs.
Now before form no 5 gets approved, is it possible to file the return of allotment in form no 2 for allotment of Rs 3 lacs share?
08 April 2010
No, Until & unless , Form no 5 is not approved ,you can't fil form 2 for allotment of shares. Because increase in authorised capital is approved only after approval of Form no 5.
Message likes :
1 times
08 April 2010
agree with suggestion as allotment can be done only when you will get the approval to increase the authorised share capital.
Regards
Regards
Message likes :
1 times
08 April 2010
AGREE. FORM 5 IS REQUIRED TO BE APPROVED BEFORE YOU CAN FILE FORM 2.
Message likes :
1 times
08 April 2010
Thank you so much.
My authorised capital will stand increased to Rs 4 lacs. Now even paid up capital has to be increased. That means i will have to write Rs 4 lacs in paid up capital in form no 5 eventhough the monies have not been received at the time of filing the form?
My authorised capital will stand increased to Rs 4 lacs. Now even paid up capital has to be increased. That means i will have to write Rs 4 lacs in paid up capital in form no 5 eventhough the monies have not been received at the time of filing the form?
08 April 2010
Disagree with everyone to a certain extent.
You can pass your resolution for allotment immediately after general meeting (increase in AC) resolution.
For example your GM date is April 10 and your BM allotment date is April 11, then effective date of increase in your paid up capital would be april 11. In other words there is no need to wait for approval of form 5 at least for passing allotment resolution.
However approval of your form 2 for allotment is dependent on approval of form 5 for increase in AC.
You can pass your resolution for allotment immediately after general meeting (increase in AC) resolution.
For example your GM date is April 10 and your BM allotment date is April 11, then effective date of increase in your paid up capital would be april 11. In other words there is no need to wait for approval of form 5 at least for passing allotment resolution.
However approval of your form 2 for allotment is dependent on approval of form 5 for increase in AC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- GST ISD Query on various AMCs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
