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Allotment of Shares in a newly incorporated P Ltd Company

Pvt ltd 1787 views 2 replies

Hemraj Sethia

38 Points Posted on 05 June 2008

Dear Members

Following are the facts for a newly incorporated P Ltd company

Date of Incorporation: 21 Apr 2008

Issue of Shares: 15 May 2008

The company has been formed as a subsidiary of an existing P Ltd Co with only two members/shareholders and started operations on Working Capital of holding company. How much money is compulsory to be received by the new company before /on allotment of shares. Please specify is application money is not compulsory.

Please help!

Replies (2)

Mohit Garg

178 Points Posted on 05 June 2008

Dear,

Please tell me the detail of subs. clause in ur MOA.

Issue shares to the Subs. as per MOA and receive full money on those shares from the subscribers and after that issue shares to them.

Hope it will serve ur purpose.

if need any further clarification mail me at mohitgargcs @ gmail.com

DEEPAK KUMAR TIBREWALA

profession

101 Points Posted on 06 June 2008

PLEASE Issue shares to the Subs. as per MOA and receive full money on those shares from the subscribers and after that issue shares to them. Any money recd ther after will be consisered as shareapplication but before allotment