LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

ALLOTMENT OF SHARES - PUBLIC COMPANY

Neeta (Finance) (345 Points)

07 August 2010

Any one please give a detailed procedure for the allotment of shares in a public co. As per me, Step 1 : hold Board meeting proposing the offer to issue and fix the date of EGM . Step 2. Hold the EGM passing the issue u/s 81(1A) . Step 3. Hold BM to allot the shares showing the list of allottees.

Also, plz share format of resolutions .

Reply
Follow
Share

6 Replies

sheetal chechani (CS) (64 Points)
Replied 07 August 2010

First u tell that yr company allote the share to whom ,,,,,,,,, if they are only friends and relative then no need to held EGM .U can do it by simply

1. Holding board meeting and pass the board resolution for allotment

2. File e-form 2

and secondly if yr company is public limited company then do as u right above

1. Holding board meeting fix the date of EGM

2. call the meeting and pass the Special resolution

3. file the e- form 2 and 23 within 30 days.

Attached File : 35 allotment of equity shares.doc downloaded: 860 times

santosh kumar nanda (administration head) (22 Points)
Replied 23 August 2010

any one can explain me detailed procedure for allotment of preferencial shares in a public limited comapny.is it necessary to send the details of share holders to registar of companies.

santosh

HARDIK (COMPANY SECRETARY NCFM (Corporate Governance )) (664 Points)
Replied 23 August 2010

You have to attach the list of allottees with form 2 file with MCA.

pravin (cs-final) (44 Points)
Replied 10 September 2010

any one can explain how a private limited company allot i'ts shares to listed company to become a subsidiary company.

Kindly give the procedure and resolution

Ajay Mishra (Company Secretary) (74332 Points)
Replied 10 September 2010

Dear Friend

Procedure for Issue of shares Under section 81(1A) of the Companies Act, 1956

Hold a Board meeting for calling of General Meeting for passing resolution;
Send notice to all shareholders and directors
Hold a EGM/AGM
File form no. 23 with ROC with in 30 days fo passing of such resolution.
Call a Board Meeting for allotment of such shares
File Form-2 with ROC within 30 days of Allotment.

Regards

CS Ajay Mishra

1 Like

Nishant gupta (Audit assistant) (23 Points)
Replied 31 July 2014

can anybody pls tell me the procedure of allotment of shares by the public company which is not a listed one, to its existing shareholders. pls note that the date of allotment will be 31/03/2014, so according to me the the provision of comapnies act 1956 wll be apply over here.?