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Further issue of shares in pvt. ltd. co.
Respective Experts My Company is going to issue 13,40,350 equity shares of Rs.10/- each. There are 2 shareholders in Co. so one share to one shareholder and remaining 13,40,349 shares to another shareholder. Our PCS suggeted to issue shares through Right issue basis. Is there any other way to issue shares. Can we go through Private Placement?? It's a Pvt Ltd Co.
Replies (4)
Yes, you can also go for private placement. But rights issue mode is simpler one.
Thanku Sir but it is written in the conditions for Private Placement - The offer shall not be less than Rs. 20000/- per subscriber of face value of shares.
In our company there are two shareholders and one of them is taking only one share and other one is taking remaining.
It means we can not go for Private Placement option.
Restriction is on "offer" and not "subscripttion" or "allotment". You can offer 2,000 shares but applicant may apply for one share only.
ok..thank you so much Sir.
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