19 May 2012
My company is a public limited company and want to allot share to its creditor (also a public co.) with regards to material purchased from it. Whether it is lawful to issue equity shares for purchase (credit) of material. if yes, tell me whether this treated as allotment for cash or other than in cash?
22 May 2012
thanks sir, cud u plz provide me copy of such agreement, if u have. also tell me whether this allottment will be treated for cash or other than cash?
CAclubindia
