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Return of Allotment

Pvt ltd 1178 views 4 replies

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)

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

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

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.

 

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. 


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