Company Law

Querist : Anonymous (Querist) 30 March 2011 This query is : Resolved
Dear Sirs what procedure have to follow for issue & allotment of preference share by an unlisted public Ltd. Co.

A, a company is incorporated in 2004 with name of A Pvt. Ltd. and in Jan. 2011 the board of the Co. decided to issue preference shares in changed name B Ltd. and before name changed many application for preference share have received. now Co. want to allot all said application money in the name of B. Ltd. to received applicants.

kindly give me proper solution for said problem. and what procedure have to follow in this critical situation.

Follow Query

Report Abuse

R.Ramachandran (Expert) 30 March 2011
Please tell us as to what are you and in what manner you are concerned with the query posted by you.

Advocate. Arunagiri (Expert) 31 March 2011
Nothing wrong all the applications received in the name of the A, can be processed, share certificates can be issued in the changed name of B.

I presume that the company had completed the formalities in changing the name with ROC.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now