Fresh issue of shares by pvt. co.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 Dear all,

I have a serious doubt regading fresh issue of shares by a private company. I have done all the searches in google and other sites, and I am getting mixed opinio. My doubt is whether company needs to conduct a general meeting for fresh issue of shares or a board meeting can be conducted. Somewhere I have that a clause that for the companies which are registered on or after 1st october 2009 can issue shares after passing a resolution. please help me.

Ajay Mishra

Ajay Mishra (Expert)
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26 February 2013 Hi

It will depend on company, whether, it is public or private.

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 I have mentioned in my query that it is a pvt. company

Ajay Mishra

Ajay Mishra (Expert)
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26 February 2013 Hi

The provision of section 81 is not applicable to private limited company so you can issue fresh shares through board meeting.

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