Issue of Shares
This query is : Resolved
23 February 2010
Is it possible for a Ltd. Co to issue shares to a third party who has not paid any amount directly to company but paid to supplier who had supplied machinerirs to company?
23 February 2010
Yes, Provided there is a contract in place giving out the facts and is signed by the supplier, third party and the company.
23 February 2010
Also that you would have to file Form No. 3 in addition to Form No. 2 as the issue of shares is without consideration.
23 February 2010
Agree with Expert.
This is issue of shares for consideration other than cash.
This is issue of shares for consideration other than cash.
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