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Preferential allotment-private company

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 April 2013 A private limited company propose to issue shares to Mr. A (not an existing shareholder).

Can it be called as private placement or is it as preferential allotment/issue?

If so, do we require the convening of a general meeting for issue of shares under the above heads?
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
16 April 2013 You just need to pass Board Resolution and allot shares.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2013 thanks Ankurji...
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