Please Help: company act 2013
Posted Date : 03-Jul-2014 , 04:20:52 pm | Posted By Richa
1) procedure for the further allotment of shares in Pvt ltd co. and whether it is compulsary to allot to the existing shareholders
Category : Corporate Law | Answers : 1 | Comments : 0 | Hits : 224
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Answer By: shankygarg
As per new Co. Act 2013, a Pvt. Ltd. Co. can allot shares either by private placement or by Bonus/ Right issue.If Co. does not want to allot shares to existing shareholders , it can go for private Placement(Maximum No. 200 persons or less & Minimum face value Rs. 20000 per person).
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