can a private limited company allot shares to other than its member just by passing an ordinary resolution for allotent of shares upto 200 members as per companies act 2013?
If no than what is the procedure for allotment of shares by a private limited company to other thean its members?
plz guide me on this query. its urgent
It is definitely not possible now. You have to follow procedure for preferential allotment u/s 62 read with Sec.42 of the 2013 Act.
thanks Agrawal sir for your reply,
Is it compulsory to open a seperate Bank account for share application money for private placement or we can use a bank account of company?
It is required to keep the money in a separate Bank Account.
Some people suggesting that it can be kept as FD, but Law does not support the same.
So it should be kept in a Separate Bank Account.
Niraj
CCI
Pro
CAclubindia
