letter of offer to the shareholders in a private limited company

[SRINIVAS THATIKONDA]

Dear All

Do you any format of formal letter of offer to be sent to the existing
shareholders to subscribe additional shares in a private limited
Company.

Regards

Srinivas T
Company Secretary

[Astarag]

Hi

 

this should be like normal letter

give reference to the resolution passed regarding right issue

the proportion at which shares offered

entitlement of the share holder as per the proportion decided

also write that share holder has option to renounce in favour any other person or refuse to take shares

 

I think sec 81a is not applicable to pvt company

then you can pass a resolution at board meeting allotting shares to members

record the transaction in minutes properly

 

in thsi case you need not mention sec 81 in the resolution

 

 

 

--
Find eNewsletters of ICSI Mysore at: http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx  AND www.esnips.com/web/icsimysore

You received this message as you are subscriber. To unsubscribe email to: csmysore-u...@googlegroups.com

--
With 

Cs. P.A. Patnaik

[Ramaswami Mohan]

in as much as sec 81 is not applicable, it is always advisable to take a renunciation cum refusal to subscribe letter with a No Objection clause for 3rd party to be allotted the further shares, in writing. if some other existing shareholder or a third party shareholder takes up the further shares then , the existing shareholders percentage of interest will come down on the enhanced capital.

There should be a letter to above effect, to support and substantiate the Minutes, so that in the event of any dispute at a later stage, then such a letter from the shareholder will go a long way to help.

regards,

Mohan

PCS Hyderabad