Expert    Ankit Singhi

In the cited case, company can issue shares other than by way of cash and kindly refer rule 14 (4) (iv) of Companies (Prospectus and Allotment of securities) Rules, 2014 which says that return of allotment under sec 42 shall be filed with registrar along with the particulars of consideration received if the securities were issued for consideration other than cash. Further, kindly refer Rule 13 of Companies (share capital and Debenture) Rules, 2014.