Company law
This query is : Resolved
rahul narang
(Querist)
22 January 2012
Whether a Pvt Company can issue shares?
Mukta Suyal
(Expert)
23 January 2012
Yes, a private limited compay can isssue shares but subeject to restriction as laid down is Section 3(1)(iii) of the Companies Act, 1956.
It means a Pvt. Limited Company can not issue shares, to the general public.
It means a Pvt. Limited Company can not issue shares, to the general public.
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