Can issue of preference shares can be done on private palcement basis and does the valuation of reports reuired to be taken for the price evaluation from CA.
procedure for the same
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Issue of preference share through private palcement
Replies (2)
Section 42 deals with private placement of "securities" (and not just equity shares). Preference shares are also securities. Hence one has to follow Sec.42 and rules made thereunder.
Thank you Sir
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