Could anyone help me on this...urgent
A public ltd company(not listed) has passed resolution for preferrential allotment of shares in Feb 2011. Collected share application money before March 31, 2011. It was decided by the directors unofficially to issue shares before 31.3.2011. Unfortunately forgot to call board meeting for allotment. Fake board meeting is not possible for the company. My querry is whether company secretary or other officials of the company can allot shares(can make records to that effect) before 31.3.2011 and subsequent ratification by the board?
CAclubindia
