section 42
santhuamma415@gmail.com (223 Points)
18 October 2018
if company offers shares to one or more members as in section 62 1 (a ) and( b) need to follow section 42 ????
1 Replies
sanjith kotni
(Articled assistant)
(663 Points)
Replied 18 October 2018
yes it will be treated as private placement and the provisions relating to sec 42 come into place
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