Menu
Private placement under companies act 2013
Dear All,
In case of Private Placement under Companies act, 2013 it is stated that no offer should be made to a person than those whose name is recorded by the Company prior to such Invitation or offer.By the word "recorded" does it mean that share has been previously issued to the respective person and his name is entered in the books of Share Holders??
Pls confirm.
Thanks
Replies (1)
Recorded here means recorded in form PAS.5.
It is fallout of Sahara case.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
