|
|
Q & A
1251 Views
0 Ans
We are issuing shares to a person in exchange providing advisory services to the co. t. It gets covered under 62(1)(c) preferential allotment for consideration other than cash. Act says also follow sec 42 i.e. pvt. placement which talks about that the amount for issue of shares should come by way of cheque in a separate bank account. But there is no money coming. Only in exchange of services, we are giving shares. How to comply with Section 42?
Private placement
Posted By: Revathy` 10 year(s) ago
This question has been closed if you want to answer,you have to re-open.
Recently Active Member
RAHUL
SELF
About Q&A
Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.
So keep posting and stay connected
|