share split
This query is : Resolved
18 May 2010
Dear members,
is sec 94 of CA, 1956 is applicable to PVT ltd companies? if yes, please confirm the following:
1. hold BM and pass Board resolution
2. Hold an EGM and pass and ORDINARY RESOLUTION
3. FILE FORM 5 within 30 days
regards,
Rathindra
company secretary & manager-legal
is sec 94 of CA, 1956 is applicable to PVT ltd companies? if yes, please confirm the following:
1. hold BM and pass Board resolution
2. Hold an EGM and pass and ORDINARY RESOLUTION
3. FILE FORM 5 within 30 days
regards,
Rathindra
company secretary & manager-legal
19 May 2010
Yes Sec 94 is applicble to PVt Co.
But for the share certificate split only Board Resolution is required so no need of EGM.
But for subdiviosn of shares, yes you have to follow the procedure as you have stated above.
But for the share certificate split only Board Resolution is required so no need of EGM.
But for subdiviosn of shares, yes you have to follow the procedure as you have stated above.
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