Caro applicability for allotment

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2013 Dear All,

whether Allotment of share by private placement to the director of Private limited company will be considered as preferential allotment under CARO rules for the audit reports ?
Thanks in advance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
23 October 2013 no it wouldnt be private placement.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2013 Sir, it means it will be preferential allotment and accordingly will be report in Audit report?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 October 2013 i said it is not prefrential allotment if allotted to private co. so no question of reporting.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2013 thanks for your reply sir.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 October 2013 Your welcome.
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