Resolution for issue of shares

Dear all,

Which resolution is required under Companies Act, 2013 if a company wants to issue further shares to another company? As of now, the other company has already given unsecured loan and shares are to be issued against it only.

 

What are the other formalities / compliances in this case?

Replies (3)
Write a letter to the company offering it the shares in place of its loan amount......if and when the company approves and gives the share application , transfer the loan amount to the share application account created .....thereafter follow the pvt placement/preferential allotment process and allot the shares to the company

 

 

Thank you for your reply mam. Whether ordinary or special resolution is required for such allotment?

Special resolution required....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details