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Private placement of equity shares to public company

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(Querist)
21 March 2012 Can an Unlisted Public Company issue equity shares to another public company under private placement? If Yes. Please provide the procedures.
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Ajay Mishra

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Ajay Mishra (Expert)
21 March 2012 Hi


You will follow the provision of section 81(1A) of the Companies Act, 1956 read with Unlisted Public Companies (Preferential Allotment) Rule 2011.


Regards
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Charu Srivastava

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Charu Srivastava (Expert)
22 March 2012 Yes it can...

Agree with the xpert
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