Share allotment in pvt ltd. company

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Rehbar Siamwala (Querist)
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15 March 2012 In case of increase in subscribed share capital, Share allowed to be alloted to which Category of persons?

Any person being a friend of the member of the company or only relatives or any other persons as well?

Ajay Mishra

Ajay Mishra (Expert)
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15 March 2012 Hi

The person who has subscribed shares on the basis of which your company subscribed shares are increased.

Regards

Rehbar Siamwala

Rehbar Siamwala (Querist)
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15 March 2012 can it be given to other persons who is not relative or friend of the member?

Ajay Mishra

Ajay Mishra (Expert)
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15 March 2012

In general you can allot shares to any one. Yes you can allot shares to person who is not relative or friend of any director or members of the company. No issue.

Rehbar Siamwala

Rehbar Siamwala (Querist)
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15 March 2012 Thanks for reply but my question again is whether any one can subscribe to shares even if one is not the relative or friend of the member in private limited company?

Ajay Mishra

Ajay Mishra (Expert)
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15 March 2012 Hi Rehbar...

My answer is yes.

Rehbar Siamwala

Rehbar Siamwala (Querist)
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15 March 2012 Thanks again

Guest

Guest (Expert)

15 March 2012 A private company can allot shares to any one. It is not necessary that the person should be director/ relative/ friend etc. There is no bar. It can issue shares to strangers having no relation with the company. Thanks and Regards