Dear Members,
There is a Public Limited Company whose paid up capital consist of only fully paid up shares.
Now can a Company allot fully paid up and partly paid up shares ??
AND ALSO whether partly paid ups shares can be issued under section 81???
If yes can it do so on the same day.
Its very urgent.
different Paid up value shares can be issued on same day.
if the company is listed then additional norms of SEBI should be followed
THE Company is an unlisted company
and it wants to make allot partly paid up shares on preferential basis u/s 81(1a)
can the Co. do so?????????????
yes it can as per the companies act..
also see Unlisted Public Companies (Preferential Allotment) Rules, 2003
THANKS RAJNIKANT AND MITALI
BUT Mitali u said see the rules.
I searched but no where written the Rule.
Can u please tell me where it is written
CAclubindia
