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Selling shares to a closely held Private Company

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2011 Can a private limited company issue shares to another private limited company where two Directors are common in both the companies? What are the complaince required?
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CS Taher

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CS Taher (Expert)
12 February 2011 Yes pvt co can allot shares to other pvt co. Only u have to file Form-2 within 30 days from the date of allotment.
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udit sharma

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udit sharma (Expert)
12 February 2011 undoubtedly agreed with the expert...
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