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allotment of shares other than cash

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(Querist)
06 April 2009 whether a private ltd co, can issue shares other than cash and knowhow.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
06 April 2009 Yes. It is allowed. There should be some proper basis and form 2 has to be filed accrodingly after approved by the BOard.

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