13 December 2010
Where a private limited company having four shareholders (being relatives) holding 25% each of the share capital of the company , are allotted shares in equal proportions at a value of , say, Rs.10 while the book value of shares is, Rs. 50, would it be reportable under the clause 4(xviii)of CARO 2003 - preferential allotment of shares to 301 parties?