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.
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