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In Private Ltd. Company can the allotmen...

In Private Ltd. Company can the allotment of shares be done without receiving minimum subscription?

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Yes.
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Yamuna Ltd., invited general public to subscribe for its public issue of ₹ 10 crore (10 lakh shares of ₹ 100 each ) through issue of prospectus . However , the company received applications for 8 lakh shares . Can the company proceed with allotment of shares ? Give reasons in support of your answer .

Is it compulsory for a Private Ltd. Company to issue prospectus?