Allotment of shares
This query is : Resolved
rohit prakash prit
(Querist)
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....
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....
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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