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Incase of a private limited company, where directors have paid the expenses incurred by company through their personal funds. Now, company is finding it difficult to pay back the directors, can company issue shares in lieu of cash to directors? Yes, what will be the procedure for the same.

Fund raising

Posted By: Neha mittal 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.

Sundar kambam

Yes it is possible as per 62(1)(c). The procedure is prescribed under rule 13 of the Companies ( Share Capital and Debentures) Rules 2014.

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CA Alok Kumar Nandan

Yes, you may allot shares in lieu of outstanding liability in the hands of company. You may do email the detail at alok@wealth4india.com or call@9266-24-24-24, our support team will assist you get it complied.

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