Allottment of shares
This query is : Resolved
priya shah
(Querist)
09 March 2016
Dear Sir/ Mam,
A private limited Co. wants to issue further equity shares worth Rs.10 lakhs of the Face value @Rs 10/- each to a Certain group of persons other than the Directors of the Company, but the persons are well known to the Directors/ Company. Can u Suggest me whether to treat it as a public issue or not. If it is not a public issue then please suggest me on what basis we can issue the shares and under which section.
A private limited Co. wants to issue further equity shares worth Rs.10 lakhs of the Face value @Rs 10/- each to a Certain group of persons other than the Directors of the Company, but the persons are well known to the Directors/ Company. Can u Suggest me whether to treat it as a public issue or not. If it is not a public issue then please suggest me on what basis we can issue the shares and under which section.
RICHA KUMAR
(Expert)
09 March 2016
Go through Private Placement, share your mail id, will provide you the process of PP
Message likes :
1 times
09 March 2016
Please see sections 42(1) and 62(1)(c) of the Companies Act,2013.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- GST on reimbursement of expenses
- Query on effect of registration of property
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
