if i transfer the share application money to paid up capital then how can I do this? I mean is there any specific procedure to transfer the capital as per act?
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Application money transfer to paid up capital
Replies (5)
Hi,
Application money can be transfered to paid-up capital, only after allotment of shares. For allotment, Board Resolution is required and Form 2 should be filed with ROC.
Regards
Jaideep Pandya
Application money can only be transfered to paid-up capital, after allotment of shares. For allotment, Board Resolution is required.
After allotment of shares in the Board Meeting the amount from the share application money can be transferred to Share Capital Account.
Further, Form 2 should be filed with ROC within 30 days of date of allotment.
Plz. send me the format of form 2.
Form 2 format is in available on mca website (www.mca.gov.in) which you can be downloaded. You have to attach list of allotees to Form 2.
Mr. CS Ankur Srivastava's openion is right.
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