In general you can allot shares to any one. Yes you can allot shares to person who is not relative or friend of any director or members of the company. No issue.
15 March 2012
Thanks for reply but my question again is whether any one can subscribe to shares even if one is not the relative or friend of the member in private limited company?
15 March 2012
A private company can allot shares to any one. It is not necessary that the person should be director/ relative/ friend etc. There is no bar. It can issue shares to strangers having no relation with the company. Thanks and Regards
CAclubindia
