Issue of shares to foreign investors
This query is : Resolved
Sonali Sinha
(Querist)
08 May 2015
Dear sir,
please guide me on the following issue.
My client is a private limited company got a proposal from a foreign company that they will invest in my client's company as seed investor by participating in equity shares. Guide me as to whether the issue will be u/s 62(1)(a)(iii) or 62(1)(c).And also guide me about the secretarial procedures to be followed.
please guide me on the following issue.
My client is a private limited company got a proposal from a foreign company that they will invest in my client's company as seed investor by participating in equity shares. Guide me as to whether the issue will be u/s 62(1)(a)(iii) or 62(1)(c).And also guide me about the secretarial procedures to be followed.
Pratik Shah
(Expert)
09 May 2015
It will come under 62(1)(c) because they are not existing shareholders. You also need to comply with Section 42 of Companies Act 2013.
Alongwith Companies Act, you are also required to comply the FDI Rules (this is very much important)
Alongwith Companies Act, you are also required to comply the FDI Rules (this is very much important)
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