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Amendment in share capital, allotment etc

Pvt ltd 405 views 2 replies

Hi Friends,

I have a query. There is a Pvt ltd company which is a 100% subsidiary of foreign holding company. More than two months ago they raised fresh capital and issued 100 % shares to its holding company. They have only filed the requisite fees with MCA while amending Authorised capital limit, Now my problem is that upto what period they can issue Share Certificates  and what is the procedure for getting them stamped. The company is registered in Delhi. How actually one should proceed for it.?   Is there any relief in case of default of the relevant provisions?

 

Urgent !

Replies (2)

Share certificates have to be issued within two months as provided in Section 56(4).  As regards stamp duty you have to refer to provisions of your local stamp law.

 

What will be the outcome if the company has failed to get the share certificates stamped as per local stamp law?


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