procedure of issuing shares to pvt. ltd. companies - Professionals - Legal - TIK Share
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procedure of issuing shares to pvt. ltd. companies


C M  MAHADEV

2013-10-16

 Can anyone explain about the procedure of issuing shares to pvt. ltd. companies - need detailed information please.

Rahul Rai

2013-10-16

  • Pass Board Resolution EGM to issue shares.
  • Give notice to all Directors ,Members and all regulatory bodies if ur company is listed.
  • The time gap between notice and Egm shall be not less than 21days.
  • Convey EGM, pass Special Resolution or Ordinary resolution as laid in Article.
  • Pass resolution for increase in Auth Capital & Alteration of Clause V of Memorandum & Clause IV of Article of Association.
  • File Form-23 within 30 days of EGM<br>7. Alter the Article & Memorandum.
  • File form 5(Increase in Auth Cap.<br>9. Attached with form-5 copy of resolution and copy of Alterd Article & Memorandum.
  • After getting approval from ROC about the increase in Auth Capital pass board resolution for further issue of shares.
  • File form-2(allotment of share) within 30 days of passing board resolution for issue of further shares.

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