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Issue of shares for consideration other than cash

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(Querist)
29 May 2015 sir if a company aquires land from other company for Rs 1crore can it issue 10lakh fully paid up share for rs 10 each against the payment
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Swati Sethi

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Swati Sethi (Expert)
02 June 2015 Yes. But Valuation is must from a registered valuer.

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