Further issue of shares by Private Ltd Company
This query is : Resolved
17 April 2009
What is the provisions/procedures for further issue of shares to existing shareholders by a Private Ltd Company? Is it necessary to pass a Special Resolution in EGM? Please guide and mention the time limit for compiling related provisions.
17 April 2009
Board can issue the shares in private company by resolution. There is no need for passing Special Resolution as well as there is no time line for the same.
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