Ours is a Private Ltd company Registered in Mumbai.We want to issue additional equity share,The increased paid-up share capital is within the Authorised Share capital.so, new need to raise Authorised Capital.
please let me know what is the procedure step-wise for issuing the shares.including the stamping of share capital.
Thanks in Advance
Hi,
Return of allotment is required to be filed u/s 75 by filing form-2 with concerned Registrar of Company after issuing additional shares.
Procedure
Regards
Allotment of Equity Shares
"RESOLVED THAT 1,00,00,000 equity shares of Rs. 10/- each in the share capital of the Company be and are hereby allotted to below-mentioned allotees in physical form
S. No. Name of Allottee No. of Shares
1 Reliance Foods Limited 1,00,00,000
RESOLVED FURTHER that any director of the Company be and is hereby authorized to file the return of allotment pursuant to section 75 of the Companies Act, 1956 with the Registrar of Companies concerned in the prescribed form.”
The Company is Registered in Mumbai.Please give me step-wise procedure.
| Originally posted by : Ankur Shah (PCS) | ||
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There is no different for Procedure for state wise. The procedure is same as mentioned by Mr Ankur Garg. Return of allotment is required to be filed u/s 75 by filing form-2 with concerned Registrar of Company after issuing additional shares. Procedure First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment. Download form-2 from MCA Site www.mca.gov.in Fill form-2 and attach list of allottee. Get form-2 certified from practicing CS/CA and upload the same on MCA Site. |
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Agree
What about the Stamp Duty
Dear Mr. Ankur Garg,
I understand that the private ltd. co. alloting shares must file form 2. Does the company also have to file form 23? If the shares are issued at a premium then how is the resolution passed? can you please give the format for the same.
Thanking you.
| Originally posted by : Padma | ||
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Dear Mr. Ankur Garg, I understand that the private ltd. co. alloting shares must file form 2. Does the company also have to file form 23? If the shares are issued at a premium then how is the resolution passed? can you please give the format for the same. Thanking you. |
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Kindly appreciate your understanding regarding form-2 is correct. However in your case filing of form 23 is not required at all. Reason being section 81 dealing with further issue of shares is not applicable to a private company.
Revert if there is any doubt.
Whether immediately on incorporation of company, form 2 is required to file for the initial capital of Rs. 1,00,000/- introduced or it will be sufficient to deposit the amount in bank account of the company to introduce the paid up capital. If yes, then tell what will be the penalty for not filing the said form if the company was incorporated in July 2009 and now it is July 2010 and the share amount of Rs. 1,00,000/- was deposited in the bank account in August 2009.
For first allotment there is no need to file F-2. Because you have mentioned the same in your memorandum and paid the required fee.
Regrads,
Totally agree with vivek sir.
AS THERE IS A FIRST ALLOTMENT NO NEED TO FILE FORM NO.2
| Originally posted by : vivek | ||
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For first allotment there is no need to file F-2. Because you have mentioned the same in your memorandum and paid the required fee. Regrads, |
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totaly agree.
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