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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Applicability of GST on Salary Reimbursement Component
- GST ITC REVERSE
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- Renovation exp. in flat by family member
- FAST-DS Scheme - Foreign Assets
- Consolidated financials
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
