We have issued further share after submission of allotement return to roc. Issue of share is in the limit of authorised capital of the co.
Now whether we have to file another allotement return to roc and if yes what is the time limit for filing return of allotement.
Form 2 is required to be filed after every allotment of shares.
| " | Form 2 is required to be filed after every allotment of shares. |
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Form 2 is required to be filed within 30 days of allotment of shares.
What do you mean by Allotment Return to ROC.
Form 2 is return of allotment. It has to be filed with the MCA within 30 days from the date of allotment.
Allotment Return means Return of Allotment i.e. Form 2 and it has not be be filed with MCA. The return is filed with RoC through MCA Portal. MCA is not an authority where we file any documents. Its the Ministry that controls the corporate laws and affairs.
After receipt of application money is there any time limit for issue of share to applicant.
please send me copy of board resolution for issue of share
In the case of IPO the allotment has to be made within 15 days from the closure of the issue. whereas in other cases time limit is not specified. After 7 years the same shall be transfered to IEPF u/s 205 of the Companies Act.
The Share application money will be shown on the liability side of the balance sheet.
Board Resolution:
"Resolved That _____equity shares of Rs. ___each be and are hereby allotted to the persons as per list tabled before the Board and initialled by the Chairman for purposes of identification, and as shown against their respective names.”
Form 2 is required to be filed 30days from allotment of shares.
i agree, u shud file form 2 within 30 days from the allotment of the share, notwithstanding ur return of allotment previously filed with roc through the MCA portal.. mr amol is absolutely rite..
regards
abhiram
CAclubindia
