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