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(Querist)
22 January 2012 Whether a Pvt Company can issue shares?
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Mukta Suyal

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Mukta Suyal (Expert)
23 January 2012 Yes, a private limited compay can isssue shares but subeject to restriction as laid down is Section 3(1)(iii) of the Companies Act, 1956.

It means a Pvt. Limited Company can not issue shares, to the general public.

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