Allotment of shares

prakash (Company Secretary) (1352 Points)

01 May 2014  

Dear Readers'

Under Companies Act, 2013, Can Board of Director of private limited company allot shares to existing shareholders or other persons without approval of members.

By going through section 42 and 62 of Companies Act, 2013, i understand that private company must get approval of members to allot any kind of shares in company. comments are solicited.