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Ashish Karandikar (Advocate)     01 April 2010

Consideration for share capital in Part IX Companies

Respected Sirs / Madams,

Please provide me the information regarding the Part IX Companies (i. e. Parnership Firms converted into Pvt Ltd or Ltd Company) under The Companies Act.

Whether the consideration for allotment of shares, of such converted Company, is in cash or kind?

Regards,

Advt. ASHISH KARANDIKAR

Mobile # +91 0 9850903959



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 1 Replies

Ashish Karandikar (Advocate)     01 April 2010

Such allotment of shares is not to the new share-holders, but to the promoters and AT THE TIME OF / AFTER THE  INCORPORATION/CONVERSION of such Company.

Regards,

Advt. ASHISH KARANDIKAR

Mobile # +91 0 9850903959


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