What is the procedure for share application and allottment in case of private limited companies in India?

Question

I am in the process of setting up a private limited company. I wish to know the procedure to be followed by private limited company for accepting application money from prospective shareholders and then alloting shares to them. Thanks

Answer 1

there is no PUBLIC system for this for private companies. private companies will follow ther memorendum of association. please get proper guidance from your CA and not from common public if u want correct information