Statement in liue of prospectus for a pvt ltd co.

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Guest

Guest (Querist)

15 February 2013 Hey frndz....
Have a query
is it compulsory for a pvt ltd.co issuing preference shares to issue statement in lieu of prospectus?

CA. Sunil Kumar (Expert)
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18 February 2013 As per Section70(3), a private company need not file a statement in lieu of prospectus to ROC for allotment of shares.

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