abhishek agarwal (director) (24 Points)
29 May 2009Dear Friends,
I need to raise seed capital for my Pvt. Ltd. Co and I have approached few investors for the same. One of the investors agreed to give the capital on the condition that i will have to pledge majority of promoters share with him.
Please advise whether it will be a good move and also what are its implications?
Nitin Grover
(CS)
(1228 Points)
Replied 30 May 2009
hello
if you are want to raise fund from other investment for pvt ltd
then you shold seek who will work on this means the directors will work only invedtors are only for profits
i am working with CS firm there in a pvt. ltd make aggrements for shares of rs 150,000 of rs 10 each + rs. 60 premium ok then directors make a agreement in this they wrote we will act as CEO & COO so we withdrawn Rs. 200000 & Rs 50000 per month and 5% profit before paynig any amy to you and final decesion will be in our hand
so you can make agreement with investors as per your work of company
Thanks
CAclubindia
