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Query on CARO-Preferential allotment (Audit)

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This query is : Resolved

( Querist )
13 December 2010

Where a private limited company having four shareholders (being relatives) holding 25% each of the share capital of the company , are allotted shares in equal proportions at a value of , say, Rs.10 while the book value of shares is, Rs. 50, would it be reportable under the clause 4(xviii) - preferential allotment of shares to 301 parties?

Aditya Maheshwari

( Expert )
13 December 2010




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