Issue of shares

374 views
User Avatar

Company Secretary
814 Points Posted on 07 August 2014

Dear All,

Can private limited company issue shares on private placement basis under section 42 of the companies Act, 2013 without following section 62(1)(c) of Act??? are both section are independent or do private company need to follow the both sections.

0 Reply Share Follow
On 07 August 2014 at 07:35 Report
Replies (1)
User Avatar

Practising Company Secretary
8218 Points Posted on 07 August 2014
Hi Prakash.... Section 42 is an independent section.....you will just have to follow this section and the concerned rules for private placement issue of shares.... However, if you are going for preferential issue, then certain provisions of sec 42 will apply.... Hopefully it is clear....
Reply
On 07 August 2014 at 11:10

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on payment to a non resident
  2. NSFA(National Food Security Act) commission
  3. RCM applicability on petty GTA freight (₹450
  4. Short payment reccieved in export & GST implic
  5. Parag Gupta vs Purushottam Aggarwal- who is best f
  6. GST applicability on own-vehicle goods transportat
  7. FAST DS Scheme 26
  8. 12A registration expired in FY 22-23 and is not re
  9. Seeking Clarification on Business Code Selection a
  10. CG on property sold after construction of a house

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details