Very urgent query

 

 

Dear All,

                     Can a Shareholder bring in an asset in consideration for allotment of shares in a pvt ltd co.

Please specify the relevant rule , where its mentioned.

 

 

Thanks,

 

 

             

Replies (5)

Dear Sonia,

 

Yes..it can be done….it will be shown under share issued for a consideration other than cash.

 

Under Section 75 of the Companies Act, 1956, issue of shares for consideration other than cash can be made by a company provided that they also file the relevant contract  pursuant to which such allotment was made to the Registrar of Companies within thirty days of allotment.

TAX CALCULATION ON SOCIETY INCOME if the total recpt of society is upto 1,60,00,000/- and profit is 1200000/- without approval of 12A under income tax.

Ankit is right. See the rules in co. Act

Thanks Ankit,

           Can you share the Contract format if you have ?
      And if the Contract is not filed till what time it can be filed ?
       As the shares have been allotted during December 12.

Thanks

Have replied to your Pvt Msg…plss Check

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