Further issue of shares in pvt. ltd. co.
Nimita Jain (Company Secretary) (87 Points)
09 August 2016Nimita Jain (Company Secretary) (87 Points)
09 August 2016
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 09 August 2016
Yes, you can also go for private placement. But rights issue mode is simpler one.
Nimita Jain
(Company Secretary)
(87 Points)
Replied 09 August 2016
Thanku Sir but it is written in the conditions for Private Placement - The offer shall not be less than Rs. 20000/- per subscriber of face value of shares.
In our company there are two shareholders and one of them is taking only one share and other one is taking remaining.
It means we can not go for Private Placement option.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 09 August 2016
Restriction is on "offer" and not "subscripttion" or "allotment". You can offer 2,000 shares but applicant may apply for one share only.