allotment of Shares

Allotment of Shares in private Limited company usully take place through Right Issue

Hold the Board Meeting to approve the draft letter of offer and release of cut off date

For Example : Meeting held on 10th May 2018 for approval of draft letter of offer and cut of date fixed is 20th May 2018.

Draft offer letter shall be sent to all the existing shareholders at least 3 days before opening of issue.

Date of opening of issue : 20th May 2018

Draft letter shall be sent on or before 17th May 2018

Offer shall remain open for minimum 15 days and maximum  30 days. in above example offer shall remain valid for maximum 19th June 2018

Receive application money

call the second board meeting for allotment of shares representing the list of allotees, pass the resolution for allotment of shares

File PAS 3 within 30days of allotment along with following attachment

CTC of Board Resolution for allotment of shares

List of Allotees

After filing PAS 3 the paid up capital under the Company's master data gets updated

Hold the Board meeting and pass the resolution for issue of share certificates within 60 days from date of allotment of shares and authorize either 2 Director or one Director and One Company Secretary to sign and issue the share certificates.

Pay the staamp duty within 30 days from date of issue of share certificate as per the respective law.

Re. 1 for every 1000 rupee or part thereof.