Share Allotment
This query is : Resolved
27 August 2009
Whether shares can be alloted for receipt of cash???????????
Ankur Garg
(Expert)
27 August 2009
YES.
Shares can be alloted against receipt of cash.
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 equity 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
Shares can be alloted against receipt of cash.
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 equity 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
Deepak Goel
(Expert)
29 August 2009
Yes, I am agree with Ankur Garg
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