Hi Memebers,
Kindly shed somelight.
can a company issue shares to non mebers for free and take no consideration.
what are the liabilities if aany under the cos act 1956
the co is a ltd company
thanks,
rajeev
Rajeev Talwar (CA) 22 August 2008
Hi Memebers,
Kindly shed somelight.
can a company issue shares to non mebers for free and take no consideration.
what are the liabilities if aany under the cos act 1956
the co is a ltd company
thanks,
rajeev
SATISH KUMAR (COMPANY SECRETARY) 22 August 2008
A company cannot issue new shares without any consideration. It can transfer the existing shares without any consideratin. In such case it will amount to gift of shares.
regards
SATISH
RAM DEO KAKRA (ADVOCATE ) 22 August 2008
can issue shares to existing shareholder as bonus share
Vinay Chhikara (Legal Expert) 28 August 2008
Rajeev Talwar (CA) 28 August 2008
if this gift of shares then what shall be the accounting aspect
a co gifts new shares to X cerdit goes the caapital and Dr goes what
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