company law

Pvt ltd 1228 views 11 replies

can a pvt ltd company issue further equity shares upto the limit of its authorised capital?

if yes whats the procedure and rules for the same..........................

Replies (11)

First of all prepare list of allotee to whom share has been issued and then file the form 2

 

Hi Jimmit,
 
Yes, a pvt ltd company issue further equity shares up to the limit of its authorised capital.
 
For further allotment of equity shares Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene Board Meeting for allotment of equity shares and pass necessary board resolution for allotment.
 
2. Download form-2 from MCA Site www.mca.gov.in     
 
3. Fill form-2 and attach list of allottee.
 
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

 

Best Regards

hi ankur,

thanks for ur reply but can the company issue new shares at premium

if yes, is there any different procedure from the procedure given by u....................

hi ankur,

thanks for ur reply but can the company issue new shares at premium

if yes, is there any different procedure from the procedure given by u....................

Yes shares can be issued at premium and the procedure remains same. When you fill form-2 mention the amount of premium accordingly.

Regards

 

Dear Jimmit

 

 

Yes u cam allot shares at a premium and when u file Form-2  u must show the price and amount of premium in list of allottees attached therewith.

 

 

Regards 

thanks sir,

can u provide me any sections which evidence the same.....................

Dear Mr. Jimmit

 

If you see Form-2 regarding allotment  of shares at premium, it is required to disclose premium amount.

yes it can issue

HIi JImmy

ya sure a Private limited co. can issue shares upto their Authorised capital

the procedure is as follows

1. go to www.mca.gov.in

2 download form 2

3 fill it and attach the list of allottes with it

4 have the digital signature on it from CA and the managing director

5 and then upload it

THANKS....................


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