Issue of partly paid up shares by private co.

Pvt ltd 4432 views 1 replies

Dear Members,

I have a query regarding issue of partly paid up equity shares by a private company.

1. My company has issued a 10000 shares as partly paid up equity shares, for the purchase of these 10000 shares two existing shares holder of the company given their consent. 

The all activity is as under

1. the one share holder has paid 2000 as application money ( remaining he will pay as first and final call)

2. the second one has paid 3000 as application money (remaining he will pay as first and final call)

The company has filed form 2 with 5000 shares as partly paid up equity shares in roc office and company has already given the share certificate for the said shares (partly paid up equity shares with amount of Rs. 5000/-)

Now the remaining amount has been given by the shareholders as first and final call.

now i want to know

1. Can i issue the share certificate for the remaining partly paid up shares?

2. another form 2 is required to be file in roc?

kindly advice me as soon as possible

 

Jasbir Singh

8802379763

 

 

 

 

Replies (1)

Yo do not need to issue separate share certificate in for conversion of those party paid shares into fullly paid shares. Just endore the earlier given share certificates at the basck side wherein teh amounts are referred. We did it like that in our company. Please note that while putting that endorsement in teh earlier share certificate, your directors or secretary will need to authenticate under the rubber stamp of the Company.

You do not need to file form 2 with the ROC because the effect of the number of shares will remain the same as it was. 


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