Clarify whether its a private company or public company?

In case of a Private Companies

1) Members

2). Directors

3). Relatives of the Directors

can be shareholders

So Sorry,

Neha, you are right and i mistakenly  mixed provisions of 3(iii) (c) and 3(iii)(d).

Private Company can allot to anyone.

Agree with Neha Ma'm!!!! Anyone can be a Share Holder provided existing members' consents are accorded and Resolution is passed!!

Unless the Articles of the private company provide otherwise, consent of existing members is not required.  Only Board resolution will suffice.

Under Section 3(1)iii (c) Private Companies are barred to offer shares for subscripttion. But such Company is not barred from accepting such subscripttion from Public. If this could be proved then Private Company can easily allot shares to general Public.