Shweta Dhiman (3 Points)
31 May 2018
Rahul Singh
(cs)
(308 Points)
Replied 01 June 2018
Its depend upon the process , in case of right issue PAS-3 in case of private placement 3 forms is requied MGT-14, GNL-2 and PAS-3
Jatin Bajaj
(CS)
(2930 Points)
Replied 01 June 2018
Receive the application money from the investor/applicant
Hold the Board meeting for allotment of shares
maximum time limit for allotment of shares is 60 days from date of application money otherwise treated as deposits.
Allot the shares within 60 days to applicant.
File form PAS 3 within 15 days of allotment as per Company amendment act.
Shareholder cannot utilize the money till the allotment is complete.
Issue share certificate within maximum period of 60 days from date of allotment of shares
pay stamp duty of Re. 1 for every 1000 rupee within maximum period of 30 days of issue of share certificate.
If stamp duty is not paid within the time limit, then penality is 10 times of face value.
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