It is understood from the media report that Mrs or Miss Sunanda had entered entered into a contract with owners of Kochi IPL(M/s.Rendezveous Ltd) whereby the former was entitled to allotment of 25 per cent of equity for her non-cash contribution. It is also agreed to allot further number of shares(free of subscripttion money) to maintain the same equilibrium in case of expansion of capital, I think this agreement is void on account of uncertainty of consideration and unlawfulness within Section 23 as the same would defeat the provisions of company Act relating allocation of shares
