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Allotment of shares

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28 April 2016 if a company takes over a proprietorship firm and issue share to such proprietor in consideration of same. now it is a matter of issue of shares other than cash.
my question is mere filling of PAS-3 with the attachment of contract paper of takeover and valuation report fulfill the requirement of law. or we have to follow separate provision of issue of shares....
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
30 April 2016 Provision of allotment on Private Placement basis will need to be followed and return of allotment will be filed as allotment other than cash.
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