Issue and allotment of shares

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Dear Members

 

Please give a step wise process of issue &  allotment of shares by a pvt ltd company. Also mention the steps after allotment i.e the issue & allotment & delivery of share certificates?

 

Regards

ACS Rachit Inani

Replies (1)

 

First check the authorized capital of the Company. Issued capital can never be greater than your authorized capital. (You can raise your authorized capital if required)

If raising of authorized capital is not required then call a Board Meeting. Pass the resolution for the proposed allotment. After resolution is passed, file Form 2. Get the share certificates printed in the shareholders name. The said share certificates should be signed by two directors and one authorized signatory. If you have any query, you can revert back. 

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