13 March 2010
three promoter formed a new company for takeover the business of proprietorship business in this case one promotore is a proprietor of that proprietorship concern & second is spouse of one & third is friend of second, now that in this situation clarify the issuence of share to shareholders : that after issue minimum shares as per moa & aoa, is it necessary to issue the shares to be proprietor.
(co. authorised capital 10 lac issued capital 3.00 lac (1.00 lac to each)
CAclubindia
