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Issue of shares by p. co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2012 Can public company allot shares before holding statutory meeting? special resolution is required u/s 81(1A) for allotment of shares within 1 year of incorporation of public co. Pl. Clarify
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Ajay Mishra

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Ajay Mishra (Expert)
05 April 2012 Hi


Yes, you can allot shares under Section 81(1A) of the Companies Act, 1956, there is no restriction for time period.



Regards
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
05 April 2012 Yes you can allot shares in get approve in first statutory meeting.
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