Allotment of shares

This query is : Resolved 

19 January 2013

hi all,

Please let me know if debts can be treated as cash for allotment of shares.

Thank you,

20 January 2013 In my opinion debt cannot be treated as cash for any matter.

21 January 2013 Please let me know the section which deals with debts treated as cash for allotment of shares

21 January 2013 Hi all,

Please note that the share are alloted to the promoter's of the company for considerations other than cash .i.e property.

Please let me know the procedure for the same.


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