Allotment of shares


Molisha Mirani   14 August 2019

Molisha Mirani

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i have an urgent query...

What is the procedure to allot shares to existing directors and what are the requirements for allotment ???

 

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Mohanraj J   14 August 2019

Mohanraj J

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recently we received FDI against additional Injection of Authorised Share Capital. In that we issued 98% to Holding Company n 2% to Parent Company as per board resolution with the help of Company Secretary

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Yogesh Dave   16 August 2019

Yogesh Dave

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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)

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monika jaiswal   20 August 2019

monika jaiswal

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@ yogesh dave. as per my opinion GNL 2 is no longer required to file for PAS 4 and PAS 5.

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Yogesh Dave   21 August 2019

Yogesh Dave

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for private company there is no requirement but for compliance or for safe or side we can file GNL-2


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