'In view dematerialization of equity shares of unlisted public companies, what is the process for the transfer of shares from resident Indian to NRI? '
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shares
equity
dematerialization
Dear Members
Opinion required:
What are the necessary compliance for transfer of shares of a private limited company between a US Citizen and an Overseas Citizen of India. Whether FC-TRS required to be filed - if yes, which party shall file the same.
Checklist for the issue of Sweat Equity Shares under Companies Act, 2013
FACT OF THE CASE
ABC, a partnership firm holds 10,000 equity shares of XYZ Private Limited (incorporated in 2015), through its 5 partners equally. Each partner was allotted with a separate Folio no. but the Company considered to count them as a single shareholder. Thereafter in Feb, 2016 the Company has allotted further shares to only 4 partners in an equal ratio and in Sept, 2016 the shares of 2 partners has been transferred/ transmitted to rest of the 3 partners.
As on date there are 5 partners in ABC, a partnership firm and only 3 partners are holding shares in a XYZ Private Limited in equal ratio.
Please note that the company has filed all upto date Annual Financial Statements and Annual return with the shareholding pattern which looks like A, B,C, A (through partnership firm), B(through partnership firm), C (through partnership firm) having different folio numbers.
QUERIES
Can each partner have different folio nos. and if yes, how many votes will be casted by ABC, a partnership firm.?
Can we allot shares to particular partner.?
Do we need to file MGT-6 in this regard.?
Who will sign the declaration on behalf of Beneficial Owner.?
If we merge all the folio numbers of Partnership firm to one folio number say Joint Shareholders, do we need to go to NCLT?
shareholders
joint
In case a company is incorporated in India by two Indian subscribers, then their shares shall be issued on non repatriation basis and then with in 6 months these shares are transferred to Foreigners on repatriation basis. How is this possible? When a share by its birth is non repatriable, how it can become repatriable when transferred to NRI on Foreign Exchange.
Whether any FEMA Requirements/approvals are to be complied with apart from filing FCGPR.
repatriable
shares
Dear Members,
Please share the draft documents for Prefrential allottment of shares for consideration other than cash to non existing members
Thanks in adavance
cash
existing
members
than
other
allottment
shares
consideration
prefrential
one of the our client wants to incorporate a private limited company having 4 members. They want to allot a shares out of two members without consideration at the time of incorporation. Can company do it? If yes, what is the procedure for the same?
consideration
without
shares
Dear Members
Can a pvt ltd company incorporated 2months back issue sweat equity shares to its employees ?
Dear members,
Kindly guide
Do I need to get the e-stamping of shares done in case of sub-division of shares where the company has issued fresh certificates after sub-division?
Dear Members,
As per the subject mentioned above, can we convert the Loan received from Directors to equity shares through allotment of rights issue.
If we can do so, what will be the procedure for the same?
Kindly guide me.
As per the subject mentioned above, can we convert the Loan received from Directors to equity shares through allotment of rights issue.
If we can do so, what will be the procedure for the same?
Request you to let me know Since when paying of stamp duty on shares is compulsorily online in mumbai. And detail of notification
