preferntial issue
Aditi (Student) (389 Points)
22 June 2018
icdr regulations relating to preferntial issue are applicable in case pf pvt co. .???,
3 Replies
Vijay Boliya
(220 Points)
Replied 22 June 2018
Yes because of the preferential issue is one of the source available to pvt co. For issue of shares. And selected group of persons in preferential issue so selected group is a pvt group or pvt allotment.
Aditi
(Student)
(389 Points)
Replied 22 June 2018
how will be the pricing of the issue then.? icdr regulations pricing formula based on infrequently or frequently traded.. pvt co. doednt have listed shares
Vijay Boliya
(220 Points)
Replied 22 June 2018
Sorry, if pvt company is listed than icdr applicable( pvt company get listing on the babies of debt security then pvt required to follow icdr), otherwise unlisted company follow the company law with unlisted company ( preferential allotment) Rule 2003
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