Return of Alloment w.r.to newly incorporated private company

ACA Chandra Sekhar (CA, CMA & B.Com)     24 February 2021

In case of a newly incorporated private limited company, whether initial subscripttion of capital by subscribers of MOA be termed as "Issue of Shares on Private Placement" under section 42 of Companies Act. In such a case, whether return of allotment is required to be filed with the registrar.