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