Friends
A Pvt. Ltd. Company having Indian shareholders desire to allot fresh shares 10000 equity shares of 10 each to Indian promoters at par and at a premium of Rs240/- to a foreign party. Can the company allot shares in this manner.
In respect to issue to non residents, not CCI guidelines but DCF method to be followed. Correct ? Please enlighten.
Regards,
CAclubindia
