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V.S. Datey on Companies Act, 2013
  • Query on issue of Partly Paid Shares by Private Limited Company

    by GIRISH on Saturday, November 21, 2020 at 01:17 AM

    1) Can a Private Ltd Company issue PARTLY PAID SECURITIES by way of Rights issue and Private placement ? 2) CAN THESE PARTLY PAID SECURITIES BE made fully paidup in say three years time. 3) Is there any minimum percentage prescribed under Companies Act, 2013 or rules for making calls say atleast 25% amount should be collected on application similar to Listed Companies ?

    Replied byV.S. Datey Saturday, November 21, 2020 at 05:03 PM

    in my view once u make all discolsures upfront about due dates of various calls there are no restrictions, so long as conditions are fair and reasonable and not bogus transactions V S Datey

 
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