Restrictions on allotment of shares by pvt ltd co
ACA Shreya Shah (Employed) (90 Points)
02 December 2011ACA Shreya Shah (Employed) (90 Points)
02 December 2011
ACA Shreya Shah
(Employed)
(90 Points)
Replied 07 December 2011
Thanks for the clarification Neha :) :)
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 07 December 2011
No
It will not become a deemed public company on account of allotment to Financial Institution. You may allot shares to the F.I.
However on this kind of loan transaction FI usually appoint Nominee Director on the board of borrower to safeguard the interest of FI.
RG
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 07 December 2011
Yes, you can allot shares to the Financial Institution.