Further isue of shares
This query is : Resolved
01 November 2010
A PRIVATE COMPANY wants to issue further equity shares.
Can it allot the same only to a few say 7 out of 10 shareholders?
or should it offer shares to all, get a renunciation from 3 shareholders? In such case can the shares offered to those 3 be then allotted to the remaining 7 shareholders.
Please reply
Can it allot the same only to a few say 7 out of 10 shareholders?
or should it offer shares to all, get a renunciation from 3 shareholders? In such case can the shares offered to those 3 be then allotted to the remaining 7 shareholders.
Please reply
01 November 2010
there is no need to offer the share to all
01 November 2010
It can be issued as per rules spcified in the articles for further allotment of shares.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- ITC BENEFIT ON BROKRAGE PAID
- Short Term Gain Reporting ITR
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- TDS refund Indemnity Bond
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
