Share Issue
Soma
(Querist) 19 April 2011
This query is : Open
To foster better industrial relations, directors of AB. Ltd. agreed with its trade union to offer 1,000 shares of Rs. 100 each full paid up, to it employees and to receive amount thereon in ten equal installments of Rs. 10/- each.
Can the company make such an issue?
What is the legal provision is this regard?
Can any one help?