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Form pas-3 allotment of share in private ltd comapny

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(Querist)
04 August 2015 Whether it is mandatory to allot shares in private limited company to its existing shareholders through private placement only or whether we can submit form pas-3 without choosing private placement?
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
07 August 2015 Ms. Apoorv,

If you are allting shares to existing shareholders though right issue of share, no need to select private placement of shares.

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