Procedure for Right Issue

[company secretary]

Dear members,

Kindly let me know  the procedure for right issue for a private limited company

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Regards

C.S. Shobhita

shobh...@gmail.com

[ACS Poonam Jain]

Hi

In case of private company, the following procedure needs to be followed:-


1. Check the articles and authorised capital of the company, otherwise alter them and file form 5 and 23 with ROC.

2. Conduct Board meeting for increase in capital by way of right issues and for approving the draft letter of offer to be sent to shareholders.

3. After receiving money from shareholders allot the shares to them.

4.File  form 2, make necessary entries in Registers of members,  issue share certificates and get the stamping of new shares issued.

In case of Foreign shareholder, intimation of foreign remittances and filing of FC GPR is required to be done. 

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Regards

Poonam.

[company secretary]

Sir,

can you please provide checklist for both private and public company????

C.S. Shobhita

shobh...@gmail.com