CCI guildelines
This query is : Resolved
14 December 2008
whether the approval of SEBI/CCI is to be taken for the private limited company to issue shares at premium.
CS Vivek Hegde
(Expert)
14 December 2008
Pankaj
SEBI Rules are applicable only to listed companies where as CCI is not in existance now. So there is no need to take such approval for private limitd cos. Further for issuing shares to non-residents guidelines issued by eastwhile CCI should be followed while determining the premium.
rgds
Vivek
SEBI Rules are applicable only to listed companies where as CCI is not in existance now. So there is no need to take such approval for private limitd cos. Further for issuing shares to non-residents guidelines issued by eastwhile CCI should be followed while determining the premium.
rgds
Vivek
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