A Private Limited Company having paid up capital of Rs. 40 Lacs & R & S of 2.5 cr, issued equity shares to some of the parties listed in the register maintained u/s 301 of the Companies Act, at par,:
Query:
1. Whether the Issue of the shares are under preferential allotment?
2. What is the reporting requirement under CARO, 2003?
3. Whether the Company has made any pref. allotment to parties and companies in the Register maintained under section 301 of the Act, and if so whether the price at which the shares have been issued is prejudicial to the interest of the Company.
4. Pls state the reasons for non applicability or applicability??
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