Issue of preference shares by private limited company

Check whether the issue is within the limit of Authorised capital, if not take the steps to increase authorised capital first.

if within the authorised capital :

Hold Board Meeting pass the resolution to issue and allot the shares.

File form 2 within 30 days from the date of BM.

Pay stamp duty

issue the share certificate within 3 months from the date of allotment of shares. 

Provisions of Section 81 are not applicable to Private Limited Company. Therefore issue to be guided by AOA of the Company.

Issue of Convertible Preference shares and shares with diversified voting rights by Indian Pvt Ltd Co for a NRI & PIO & NR

Non repartiable as well as repartiable