Procedure for the Allotment of Share in private company.

Please let us know the procedure for allotment of equity shares in case of Private Companies. Reference to the specific provisions in the Companies Act, 1956, may be provided

Hi,

Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in   
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

Regards

What is the time period within which the shares are to be alloted after passing of the board resolution for a LTD CO?

I guess 30days.