Allotment of shares

CS Pooja (Company Secretary) (305 Points)

27 March 2013  

Hi All,

Kindly clarify following..

If shares are alloted by the company to the partners of partnership firm as a consideration for Take Over of that partnership firm, then while filling up Form 2 whether clause 4 (Shares alloted for consideration in cash) or clause 5 (shares alloted for consideration other than cash) to be filled in?

Query is urgent.