Private placement

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HITESH KUKREJA (Querist)
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04 December 2014 hello guys i have 2 question:
1) is private placement applicable to private company??

2)if ans is yes dn plz solve my doubt:
suppose Mr A is the director of the co say XYZ ltd whos authorized capital is 1cr and paid up capital is 47.5lac
nw company has issue to shares to 3 people or rs 17.5 lac ie Mr A(who is Director of the company)
Mr B(an outsider)
and Mr C (an outsiders)

nw my question is:
is private placement is applicable to xyz ltd??

and can director can issue shares to himself??

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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05 December 2014 1. yes.

2. yes

its not the director going to issue shares to himself. Company is going to issue share to its directors

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