My dear professional friends,
what is preferential allotment of shares? whether Preference and Equity shares can be issued under this category?Shares issued to whom can be described as preferential allotment.?What are the books prescribed u/s.301 of the companies Act.
2.Preference shares issued by a Private Limited company to it's promoter director can be treated as preferential allotment.
Please share your expert knowledge. Thanks.
