Allottment of shares
This query is : Resolved
priya shah
(Querist)
09 March 2016
Dear Sir/ Mam,
A private limited Co. wants to issue further equity shares worth Rs.10 lakhs of the Face value @Rs 10/- each to a Certain group of persons other than the Directors of the Company, but the persons are well known to the Directors/ Company. Can u Suggest me whether to treat it as a public issue or not. If it is not a public issue then please suggest me on what basis we can issue the shares and under which section.
A private limited Co. wants to issue further equity shares worth Rs.10 lakhs of the Face value @Rs 10/- each to a Certain group of persons other than the Directors of the Company, but the persons are well known to the Directors/ Company. Can u Suggest me whether to treat it as a public issue or not. If it is not a public issue then please suggest me on what basis we can issue the shares and under which section.
RICHA KUMAR
(Expert)
09 March 2016
Go through Private Placement, share your mail id, will provide you the process of PP
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09 March 2016
Please see sections 42(1) and 62(1)(c) of the Companies Act,2013.
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