If a public ltd co has made one or more preferential allotments during the year, is it mandatory to disclose the same in the Directors' Report for the said year?
08 September 2012
Yes it is mandatory to disclose the preferential allotment in directors report under section 217 of companies act 1956.
3[(d) material changes and commitments, if any; affecting the financial position of the company which have occurred between the end of the financial year of the company to which the balance-sheet relates and the date of report;]
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