Issue of shares

Co Act 2013 328 views 1 replies

Dear All,

Can private limited company issue shares on private placement basis under section 42 of the companies Act, 2013 without following section 62(1)(c) of Act??? are both section are independent or do private company need to follow the both sections.

Replies (1)
Hi Prakash.... Section 42 is an independent section.....you will just have to follow this section and the concerned rules for private placement issue of shares.... However, if you are going for preferential issue, then certain provisions of sec 42 will apply.... Hopefully it is clear....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details