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Issue of Shares

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(Querist)
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?
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Rasesh

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Rasesh (Expert)
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.
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Rasesh

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Rasesh (Expert)
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.
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Ankur Garg

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Ankur Garg (Expert)
23 February 2010 Agree with Expert.

This is issue of shares for consideration other than cash.
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