Hi
According to section 3(1)(iii)(b), no. of members in a private company shall not exceed 50.
Can a private company issue preference shares to any number of persons?
Deepali Garg (none) (148 Points)
08 June 2012Hi
According to section 3(1)(iii)(b), no. of members in a private company shall not exceed 50.
Can a private company issue preference shares to any number of persons?
Syed Fahad Quadri
(Intermediate 2nd year student)
(25 Points)
Replied 08 June 2012
no it cannot issue.
CS Vijay Daxini
(At Practice)
(732 Points)
Replied 09 June 2012
if number of member is limited by the companies act,1956 to 50 then u can not allot shres to ANY number of members...........OTHERS VIEW SOLICITED
Hi,
With Regards,
Neha
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