Allotment of shares

Procedure for allotment of shares to the person other then existing shareholder:

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in   
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

Kindly note section 81 is not applicable in case of your private company.

SAMPLE BOARD MEETING RESOLUTION FOR ALLOTMENT TO EXISTING SHAREHOLDERS

ALLOTMENT OF SHARES

"RESOLVED THAT 100 equity shares of Rs. 10/- each in the share capital of the Company be and are hereby allotted to below-mentioned allotee in physical form

S. No.                                                            Name                                                  No. of Shares

    1                                                                  Mr. X                                               1,000                                                                   

RESOLVED FURTHER that any director of the Company be and is hereby authorized to file the return of allotment pursuant to section 75 of the Companies Act, 1956 with the Registrar of Companies concerned in the prescribed form.

Hi

Whether in this case, do we need to give prior intimation to the existing shareholders of private limited company regarding the further allotment of shares?

No need to give prior intimation to the existing shareholders.

Dear Ankur,

I regularly follow your posts on this forum which are very useful and to the point, I am thankful and appreciate your efforts and guidance. 

With specific reference to a  Private Limited Company, I request your advice on the following

1) Can a person other than the share holder be appointed as a Director? please outline the procedure and site relevant statutes (if any)

2) Upon resolution to increase the authorised capital, whether the fresh allotment can be made to an NRI? please outline the procedure and site relevant statutes.

3) Whether an NRI can transfer funds towards proposed allotment of shares in the absence of permission or pending procedures?

Please advice on these at the earliest.

Thanks in advance for yoru help.

Best Regards,

Dadakalander

how to account the share money received

Are you asking about Share Application Money ?

Dear All,

For example: we have received following inward remittance:

1. Rs. 500000 on 03.03.2012

2. Rs. 6500000 on 10.03.2012

3. Rs. 1000000 on 27.03.2012.

I have issued shares of Rs. 500000 and Rs. 1000000 on certain date.

my question is.. is my allotment is valid or i have to follow FIFO method only...???/

Please answer.... Please...

We are running a private limited company. Since it is a new company initial  share allocation is  done without board resolution and was uploaded to registrar of companies by a director .share certificate is not issued . now the board alloted shares as per the investment .the auditor is telling we cannot change the shares because it is already uploaded in the ROC. is it possible to issue share for the person with the ROC congruence whose name is missed in the initial allocation ,who  invested significant  money and provided collateral .kindly suggest the solution for allocation of share to the share holder through ROC.

plz procedure details of allotment of share to directors in private company as per comp.act 2013