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,
any responses friends..
yes you are valuation should as per DCF method..
there is no restriction to allot shares to foreign party but you have to take permission from rbi
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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