MANAGER-Company Secretary
131 Points
Joined October 2013
Dear Neha,
As per my knowledge, please check whether company has issued prospectus or not:
1) if yes than :
A) Issue prospectus
B) Minimum subscripttion
c) Directors must pay on the shares taken up or contracted against cash payment or have paid a proportion payable on application and allotment
d) Listing: where shares are to be quoted on stock exchange necessary application must be submitted to it and get apporved within prescribed time.
E) Allotement of share issued
F) Declaration : E-form 19 with stamp duty regarding clauses a,b,c of section 149
G) obtain COB
For Comapny which has not issued any prospectus:
Procedure for commencement of business:
1) Directors must pay on the shares taken up or contracted against cash payment or have paid a proportion payable on application and allotment.
2) Statement in lieu of prospectus;- File a statement in lieu of prospectus.The statement shall bein the prescibed for mand contain particulars given in Part 1 ofschedule 3 to the act. The statement will be accompanied by reports specified in Part2 of schedule 3
file the statement at least 3 days before th first allotment
3) Declaration :- File a declaration in e-form 20 on the stamp paper of requisite valvue as required by the stamp act of respective state with registrar. it is regarding sub-section (2) of section 149 has been complied with.
4) Obtain COB from registrar
With Best regards
BHAVIN SHETH