we have a Pvt. Ltd. company incorporate Authorised Share Capital is Rs. 200000/- and Paid Up Capital is Rs. 150000
now we want to allott new share 5% of Share capital to two individual. can we allott them friendly without filling papers
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Company act
Replies (1)
No. Cannot. You have to pass resolution and file form 2. Following that you have to conduct a EGM and file form 5 as you have to increase Authorized Share Capital, if you decide to go ahead with allotment of 5% of share capital.
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