change in PSR
This query is : Resolved
11 June 2011
I have a client in Building & Development line for which i had consulted a CS for forming a Pvt company. One of the 2 Directors who is investing all the funds is a Non Resident. the PSR is supposed to be 33% and 67%. But due to mistake by CS he made it 50-50% everywhere ROC, MOA. The MOA will also have to be submitted to High Court for permission for inflow of huge funds. Please suggest me the way out.
13 June 2011
You can adjust the PSR by issuing and allotting more shares to one party.
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