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Prospectus and allotment of securities

Corporate & Other Laws

Is past employees of a company considered in the calculation of Maximum limit of 200 members in a private placement?


Pooja .

Pooja .

CA Inter

210

25-Mar-23 11:41

145

Answers (2)

The limit of two hundred persons will exclude the qualified institutional buyers and employees of the company offered securities in the financial year under a scheme of employees stock options.


Narmatha Ramya

Narmatha Ramya

CA Inter

3K+

25-Mar-23 13:09

The limit of two hundred persons will exclude the qualified institutional buyers and Employees of the Company being offered ESOP. If any past employee does not fall in above exclusion, they can be considered in 200 limit.


CA YOGITA HARJANI

CA YOGITA HARJANI

Faculty

26-Mar-23 12:46

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