Fresh issue of shares by pvt. co.
Querist : Anonymous
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.
It will depend on company, whether, it is public or private.
Querist : Anonymous
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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