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Further isue of shares

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(Querist)
01 November 2010 A PRIVATE COMPANY wants to issue further equity shares.

Can it allot the same only to a few say 7 out of 10 shareholders?

or should it offer shares to all, get a renunciation from 3 shareholders? In such case can the shares offered to those 3 be then allotted to the remaining 7 shareholders.

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CA Navin Jain

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CA Navin Jain (Expert)
01 November 2010 there is no need to offer the share to all
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 November 2010 It can be issued as per rules spcified in the articles for further allotment of shares.
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