Dear Friends
One Private Limited is in process to invite Share Application Money from One existing Shareholder and One outsider.
Do we need to go as per Section 42 of the Companies Act. Can anyone guide what to do.
Thanks
Menu
Share application money
Replies (1)
Yes, there is no problem in following the private placement method of issuing shares....however, it will be very time consuming and lengthy.......alternately, you can also follow the rights issue method with right to renounce.....
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
