Issue & allotment of shares

If you are talking of further issue of shares by the company, it could be either rights issue u/s 62(1)(a) or private placement/preferential allotment u/s 62(1)(c) read with Sec.42.  In either case you have to  follow procedure as prescribed in the  Act/Rules.  In case of private placement the resolution must contain the detailed information as provided in the Rules.  Vague & blanket resolution like  this has no meaning.

Dear Sir,

A Private Limited Company plan to issue and allot the share to its existing shareholder, what will be the procedure

for example

presently co.having

Authoresed Capital 10,00,000/-

paid up capital of 1,00,000/-, having 2 sharesholder Rs. 50,000/- each

now 

company propose to issue and allot Rs 4,50,000/- to each shareholder

so total paid up capital would be 10,00,000/-