Hi
According to section 3(1)(iii)(b), no. of members in a private company shall not exceed 50.
Can a private company issue preference shares to any number of persons?
Hi
According to section 3(1)(iii)(b), no. of members in a private company shall not exceed 50.
Can a private company issue preference shares to any number of persons?
no it cannot issue.
if number of member is limited by the companies act,1956 to 50 then u can not allot shres to ANY number of members...........OTHERS VIEW SOLICITED
SSGS and Associates
Chennai
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
