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Can shares of pvt ltd company issued to friend of director

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(Querist)
12 December 2013 Hello Members

Can shares of private limited company can be taken by Friends of Director.?
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TRINATH

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TRINATH (Expert)
12 December 2013 YES YOU CAN

IF YOU WANT TO TRANSFER TO SHARES ONLY FILE FORM 23.

IF YOU WANT TO BE A DIRECTOR FILE FORM 32 ALSO

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