Allotment of shares

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