Allotment of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2011 Dear all,

can the board delegate the power to allot the equity shares to a single director

udit sharma (Expert)
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19 May 2011 No...allotment of shares has to be done by the Board of Directors/any committee of the Board formed for the purpose of allotment.

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