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Return of Allotment

1181 views 4 replies

ravi

senior accountant

507 Points Posted on 29 December 2010

Hi All

Query for 'Return of Allotment"-Pvt Co.

Formed Pvt Co with 1lakh share capital for which we did not file Return of Allotment

Within 3 months of formation we Increased the share capital to 50lakh for which also did not file Return of Allotment to ROC

Till now we did not allot any shares to any body as well, but now we want to allot all the share capital. Now my question is should we file return for 2 times(saperately for 1lakh and saperately for 49lakh) or a single return for allotment of all the shares(50lacs) is enough. Please answer.

Replies (4)

Jaideep

Service

1373 Points Posted on 29 December 2010

No return of allotment is required for shares alloted for subscribing capital at the time of incorporation.

Also each return of allotment has to be filed seperately.

In this case, you need to file return for 49 lakhs.

Other members views solicite.

Regards

Jaideep Pandya

Charu

nil

122 Points Posted on 29 December 2010

You need to file form 2 for further increase of capital only.

CS Ankur Srivastava

Company Secretary & Compliance Officer

17858 Points Posted on 29 December 2010

First of all, issue at the time of incorporation does not need Return of allotment as it is a deemed allotment.

Secondly, you need to file Form 2 for return of allotment for the share capital of Rs. 49 Lacs only.

Jayashree S Iyer

Company Secretary

3224 Points Posted on 29 December 2010

Agree with the experts.

However please be informed that the increase in ASC does not necessitate filing of form 2. For increase in ASC you should file Form 5 and Form 23 if the resolution passed in a Special Resolution.

Only when the shares are alloted Form 2 need to be filed within 30 days.