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allotment of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2011 In “X” Company Mr. “A” is a director and is also 90% Share holder. Company “X” intends to purchase all share of Mr. “A” personal Holding in other companies & issue same no & amount of share from “X” Company.
There is no cash transaction it is consideration is other than cash.

1. Any agreement is required to be filed?
2. is both Eform2, Eform3 need to be filed.
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CS Bijoy

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CS Bijoy (Expert)
21 July 2011 In case of allotment of share otherwise than in cash e-form 3 is required to file.
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