Privileges and exemptions enjoyed by a private companies
Privileges and exemptions enjoyed by a private companies (1) Under the section (12) two or more members (but not exceeding) may from a private company privileges. (2) Allotment of shares without announcing a prospectus or delivering to the registrar. An explanation in lieu of prospectus is permissible under the section (70). (3)Under the section(77) it can advance loans […]
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