ALLOTMENT OF FURHTER SHARES
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2009
Q 1 . CAN SHARES BE ALLOTED TO ONLY ONE DIRECTOR IF THE COMPANY WANTS TO RAISE THE FURTHER CAPITAL , OR THE SHARES HAVE TO BE ALLOTTED ON PROPORTIONATE BASIS TO ALL THE DIRTECTORS
Q 2 . CAN SHARES BE ALLOTED TO ONE DIRECTOR FOR THE SERVICES RENDERED TO THE COMPANY ie OTHER THAN CASH
Q 2 . CAN SHARES BE ALLOTED TO ONE DIRECTOR FOR THE SERVICES RENDERED TO THE COMPANY ie OTHER THAN CASH
Ankur Garg
(Expert)
18 December 2009
1. If your company is a private company--then yes.
If your company is a public company then also it is possible but with the approval of shareholders. In this you have to pass special resolution u/s 81(1A).
2. YES
If your company is a public company then also it is possible but with the approval of shareholders. In this you have to pass special resolution u/s 81(1A).
2. YES
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