Issue of shares by p. co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
Can public company allot shares before holding statutory meeting? special resolution is required u/s 81(1A) for allotment of shares within 1 year of incorporation of public co. Pl. Clarify
05 April 2012
Hi
Yes, you can allot shares under Section 81(1A) of the Companies Act, 1956, there is no restriction for time period.
Regards
Yes, you can allot shares under Section 81(1A) of the Companies Act, 1956, there is no restriction for time period.
Regards
05 April 2012
Yes you can allot shares in get approve in first statutory meeting.
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