MNS Pvt Ltd is a Private Limited company desires to offer shares under private placement but the ear...........

Companies Act-Phase (I & II) Share capital and debentures

MNS Pvt. Ltd. is a Private Limited company desires to offer shares under private placement but the earlier allotment of company have not been completed. Whether Company can do so?

Yes

Partly Yes

Partly No

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Explanation:

Section 42 of the Companies Act, 2013, company shall made offer after completion of earlier allotment or such earlier offer or invitation has been withdrawn or abandoned by the company