Issue of shares to non residents

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

21 January 2012  

Friends

A Pvt. Ltd. Company having Indian shareholders desire to allot fresh shares 10000 equity shares of 10 each to Indian promoters at par and at a premium of Rs240/- to a foreign party. Can the company allot shares in this manner.

In respect to issue to non residents, not CCI guidelines but DCF method to be followed. Correct ? Please enlighten.

Regards,