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An unlisted company cannot offer shares to more than 200 investors in the same financial year, except through IPO. Merchant bankers are suggesting workarounds to their investor clients.
Planify's parent sold 4,53,530 shares to subsidiary Planify Enterprises, which runs the crowdfunding platform, and raised about Rs 3,89,53,017 from 76 investors, contravening several provisions of the Companies Act, according to a notice from the RoC
India Business News: Penalty on Planify Capital and Mayasheel Retail for violating laws. Promoters sold shares at discount. Planify sold to Planify Enterprises, reaching 7
Jio: Another expectation that was not on the agenda while being expected, was the launch of 5G devices at a reasonable price.
Madbow Ventures Ltd., one of the leading names in the fashion industry, co-founded by Naveen Mahlawat in August 2016, has raised $2 million in their Series A fu