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Query on CARO-Preferential allotment

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(Querist)
13 December 2010 Where a private limited company having four shareholders (being relatives) holding 25% each of the share capital of the company , are allotted shares in equal proportions at a value of , say, Rs.10 while the book value of shares is, Rs. 50, would it be reportable under the clause 4(xviii)of CARO 2003 - preferential allotment of shares to 301 parties?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 December 2010 If it is like right issue of shares then it should not be included as there is no preference in the same.

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