Allotment of shares

Querist : Anonymous (Querist) 20 October 2011 This query is : Resolved
A private company was incorporated on 7 april 2011. There were 2 subscribers to MOA one is foreign company holding 9999 shares and one Indian citizen holding 1 share on behalf of foreign company. The company received all the subscription money on 18 july 2011 from foreign company. And again company received money from foreign company on 23 july 2011 for further allotment of shares.

Company allotted shares on 27th july 2011 by way of passing two different board resolution one for allotting shares for subscription money and other for further allotment.
Now my question is that whether a private company without receiving subscription money can file MOA for registration with ROC and if yes then what is time period for receiving subscription money after Date of incorporation.

Can it make allotment by passing two different board resolutions in same meeting, one for subscription and other for further allotment? Time gap for further allotment from DOI in case of Private Company. And is it require to issue two different share certificates

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Raj Kumar Makkad (Expert) 20 October 2011
Subscription can be received within a period of one month from the date of registration of MOA and both resolutions can be passed in one meeting as you mentioned in your query.

Sailesh Kumar Shah (Expert) 20 October 2011
Dear author

your question are basically wrong!!!!!

how can passed resolution before incorporating company.

In first line you said that A private company was incorporated

I am unable to understand.

what is the name of company.

prabhakar singh (Expert) 20 October 2011
First clarify questions raised by prudent man Mr.Shah,then only i can answer.

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