Issue of shares for first time
This query is : Resolved
01 December 2015
Can a private company issue share to its promoters at Par and to others at Premium when the issue of shares is for the first time.
Please also provide legal references in support of your answers.
Thanks
Please also provide legal references in support of your answers.
Thanks
01 December 2015
No. It is not possible. Single Issue can not have shares of different values.
Alternatively, you need to have two Issues, one for promoters and one for other persons.
Alternatively, you need to have two Issues, one for promoters and one for other persons.
03 December 2015
Thanks
Please provide the section/order/notification etc that restricts.
Please provide the section/order/notification etc that restricts.
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