allotment of pvt ltd co shares as per agreement

This query is : Resolved

CA YOGESH (Querist)
Follow

20 October 2007 A pvt co. acquire space in warehouse. Pvt co. needs money for this project. Existing Shareholders refuse verbally to acquire shareholding. Co. director search financers for the project. They find appropriate financer. But problem is that financer wants equity share capital (option with buy back ) in the company as a security of his money. Can the co. allots to third party i.e. financer the share of pvt. ltd. co. If yes , then wht type of agreement has to be draft ?

S.RAVICHANDRAN

S.RAVICHANDRAN (Expert)
Follow

20 October 2007 The same answer as given to your earlier question.

Srinath A. N.

Srinath A. N. (Expert)
Follow

22 October 2007 First issue offer letter to existing shareholders and take refusal letters from them for subscribing to the sahres of the Company. Then allot shares to the non-members (total number of members shall not exceed 50). In case you required you may enter in to Share Subscription agreement with the non-member and take signature of all existing shareholders for the agreement as safe step.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T.N.Reddy

Sreekumar J Pai

asmita gupta

Keshav Dubey

kambamcr@gmail.com

Subscribe Now

allotment of pvt ltd co shares as per agreement

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

GST CONSULTANT

Senior Executive

CA Final