Reporting of preferntial allotment of shares

BPAst (others) (209 Points)

10 September 2011  
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.