Shares issue in private company
This query is : Resolved
19 September 2011
Hi All,
Can experts answer me that:
1) what is the procedure of issing share capital in case of Private Company?
2) Board of Directors are authorised in case of further issue of capital, if authorised by Articles of Association(AOA)? if not authorised by AOA then what to do?
Thanks in Advance!!!
Can experts answer me that:
1) what is the procedure of issing share capital in case of Private Company?
2) Board of Directors are authorised in case of further issue of capital, if authorised by Articles of Association(AOA)? if not authorised by AOA then what to do?
Thanks in Advance!!!
19 September 2011
Dear Sir,
Check the Authorised Share Capital of the company. If it permits to issue the shares then conduct a board meeting and pass a resolution to for issue of equity shares and also place the list of allotees before the meeting to get approved by the board. And file e-Form 2 within 30 days from the date of Board meeting.
If the AoA permits Board meeting is enough. If AoA not authorised then follow Table - A. Thank You
Check the Authorised Share Capital of the company. If it permits to issue the shares then conduct a board meeting and pass a resolution to for issue of equity shares and also place the list of allotees before the meeting to get approved by the board. And file e-Form 2 within 30 days from the date of Board meeting.
If the AoA permits Board meeting is enough. If AoA not authorised then follow Table - A. Thank You
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