CA Inter May 24 Suggested Abswers Q2a

In this video we will be solving Question 2(a) of CA Inter Exam May 24 Corporate Law Paper. #cainter #caintersuggestedanswers https://www.konceptca.com/blog/ca-int... Referring to the provisions of the Companies Act, 2013, answer the following queries : (i) What is the type of resolution to be passed and maximum number of persons to whom an offer by private placement in a financial year be made ? (ii) Explain the consequences of non-allotment of shares within the stipulated timeline. (ii) In case the shares were allotted within the requisite allowed time, when can the company start utilizing the funds received by it from such private placement ? #caintermediate #caexams #icai #koncepteducation #konceptca.com