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Reporting of preferntial allotment of shares
Dear Sir,
My client, a pvt. ltd. company has appointed a new director, who has subscribed shares of the said company. (although the articles does not provide for, to have any qualification shares). Now my query is whether this is a preferential allotment & whether the same has to be reported under CARO Report at point No.18? if yes, what is to be reported.
Replies (1)
If there nothing mention in the Article about qualification share than it become optional, but in details of the Director it should be mention of qualification share in the Report.
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