Allotment of shares to outsiders
This query is : Resolved
Swasti Tripathi
(Querist)
05 March 2014
Its a private limited company and the company wants to issue and allot shares to outsiders. sec 81 not applicable as per the articles this private limited company so there shall be no requirement for preferential allotment. Is there any subscription agreement which should be entered between the company and the proposed shareholder being an outsider, if yes please provide a draft agreement for this purpose.
SHAKTI JINDAL
(Expert)
05 March 2014
There is no mandatory requirement of entering into a subscription agreement.
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