Prospectus

Corporate & Other Laws

In que. 12 since the maximum limit for a financial year is 200..how offer letter can be send to new people

Rifhat Khan

CA Inter

★ 28K+

05-May-23 13:06

475

Answers (3)

Max limit is 200 people...if the offer exceeds 200 then private placement becomes public offer. Since the company wants private placement to happen they cannot issue to 200 new people

Anirudh gupta

CA Inter

★ 27K+

05-May-23 13:15

It is only for private company . So no prob

First name Last name

CA Inter

★ 285

05-May-23 22:15

First name Last name

It is only for private company . So no prob

Oh yes yes its a public compang right

Anirudh gupta

CA Inter

★ 27K+

05-May-23 22:34