Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
minority
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Hi All
Our company is looking to issue shares on a Private Placement basis.
What is the maximum number of persons to whom an offer can be made?
Forwarded query:
One of a Company want to issue debentures with an option to convert such debentures into shares through CCPS in future. So while drafting documents of CCD do I write the line below or what would be the correct line.
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures and/ or other debt Securities on private placement basis
or
1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures
Please advise at the earliest.
"Indian company may issue equity instruments under Section 62(1) (a) (iii) of Companies Act, to a person resident outside India (other than an OCB). Such issue shall be subject to the pricing guidelines prescribed under Rule 21 of NDI Rules."
Is it Right ?
As per section 62 (1) (c) any shares are issued for consideration other than cash:-
Is valuation necessary for Issue of Shares for Consideration (Other than Cash)
consideration
shares
issue
necessary
valuation
Dear Members,
Shares of one of my family members have been transferred to IEPF.
Kindly share the procedure so that I could help them to claim back the shares.
Share format for letter of intimation to RTA for transmission of shares.
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transmission
Hello Everyone, Could you please let us know the time frame it takes for Refund of Shares from IEPF after submission of IEPF5 form Regards
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Dear Members!
As per the Sale of Goods Act, 1930, the definition of ‘goods’ includes
‘shares’. Whether selling of shares to related party will fall under the
purview of section 188 ?
Dear Members
A company intends to convert its redeemable preference shares
into equity share capital. Can it do so under the provisions of the
Companies Act, 2013?
equity
share
capital
into
shares
redeemable
preference
conversion
Can a registered Trust hold the shares of the company in its own name?
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AN HUF with Karta and his wife as member were holding 10, 000 Shares, Now, after the death of Karta, who shall be the holder of the shares and how the transfer/ transmission of shares shall be effected
Kindly note that Karta having 2 sons and both the sons are having their own HUFs. I also want to know that after the marriage of sons, whether sons continue to be the co-parcners or they will form new HUF
