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Q. > Please Help: company act 2013
1) procedure for the further allotment of shares in Pvt ltd co. and whether it is compulsary to allot to the existing shareholders
1 Answers
answered Jul 04, 2014 by shankygarg , Karnal
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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