Yogesh Dave 16 August 2019
it would be termed as preferencial allotment.
pass Board resolution and receive susbscripttion money into the bank account, offer letter in PAS-4 to existing director. then conduct EOGM for approval of issue of shares, after receiving the subscripttion money allot the shares within 60 days by passing board resolution for allotment of shares.
company can't issue shares at discount.
if company issue shares at premium then requre share valuation report from the category -1 merchant banker.
file MGT-14 (for EOGM SR)
file PAS-3 (return of Allotment of share)
file GNL-2 (PAS-4 & 5)