20 March 2015
A pvt ltd co intents to issue shares to its directors. I have following doubts:1. Open of separate share application ac on bank is necessary or the director can directly paid to co's bank ac.2. Shares can be issued to existing directors in any proportion or not.3. If shares are to be issued at book value then how to calculate book value of shares.4. Detailed process to complete the formalities.Pls clarify.
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