allotment other than cash

Mayuri Lal (officer CS) (748 Points)

20 September 2010  

Dear members,

Please guide me with the issue of allotment of share OTHER THAN CASH..

the issue is as follow:

there are two companies X and Y ....x has purchased raw materials from y...so Y is saying thati u allot me share n dont pay me in cash..n that Y has applied for shares in X...

Form 2 along with the Form 3 is required ... and if anybocy can provide me with format of the contract then would be great.

PLEASE GUIDE ME WITH THE ABOVE ISSUE

REGARDS
CS MAYURI LAL