Private placement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2015
Is this a mandatory condition to follow while doing Private placement (in a pvt. ltd. co.)-
Allotment must be made for not less than Rs 20000/‐ of face value of the securities for
each allotee.
If yes, than where it is mentioned and what is meant by 'face value'of securities. Please reply at earliest convenience.
Allotment must be made for not less than Rs 20000/‐ of face value of the securities for
each allotee.
If yes, than where it is mentioned and what is meant by 'face value'of securities. Please reply at earliest convenience.
03 March 2015
refer section 42 of companies act 2013 it clearly shows that provision regarding rs 20000
face value means nominal value of security
face value means nominal value of security
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