Procedure to be followed by a pvt ltd to raise capital

Christie (Practice) (30 Points)

15 January 2018  

Hi

A private limited company with two directors is planning to bring in additional capital.  A relative of one of the director is planning to bring in some capital to the company in lieu of shares of the company.  What are the procedures to be followed in this case and is it acceptable according to companies act.

Please advice

Regards