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applicability of section 81

This query is : Resolved 
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(Querist)
07 October 2008 Sir
actually we have converted a private limited into public limited company.
we want to allot shares in this company.
then i want to know that whether the provisions of section 81(1) are applicable or not.

Vikas Khandelwal
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
15 October 2008 Yes. Applicable.
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