Share allotment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2012
Can a newly formed Company allot shares to another company by allotment other than cash i.e., in way of leasing the facilities (movable and immovable )of that company? or lease of property can be taken as valid consideration for allotment of shares.
Ajay Mishra
(Expert)
17 October 2012
Hi
Yes, you can allot shares other than cash after incorporation of the company and file Form-3 with ROC, if applicable.
Yes, you can allot shares other than cash after incorporation of the company and file Form-3 with ROC, if applicable.
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