Issue of warrant by a pvt. limited co having share capital
This query is : Resolved
Prabhat Kumar Agarwal
(Querist)
12 March 2012
Dear Expert,
Please Let me know whether a Pvt. Limited Company having share Capital can issue Share Warrants ? If yes, to what extend and procedure for same. Whether Share Warrant holders are members of the Company? What are their rights & Preveilages ? Whether they have voting rights in AGM as well as EGM ?
Please Let me know whether a Pvt. Limited Company having share Capital can issue Share Warrants ? If yes, to what extend and procedure for same. Whether Share Warrant holders are members of the Company? What are their rights & Preveilages ? Whether they have voting rights in AGM as well as EGM ?
Ajay Mishra
(Expert)
13 March 2012
Hi
Yes a private company can issue warrants under section 81(1A) of the Companies Act, 1056. subject to AOA of the Company. However the provision of section 81 will not apply to private company.
After allotment of warrants but before conversion of warrants into shares they have no voting rights on any AGM or EGM.
Regards
Yes a private company can issue warrants under section 81(1A) of the Companies Act, 1056. subject to AOA of the Company. However the provision of section 81 will not apply to private company.
After allotment of warrants but before conversion of warrants into shares they have no voting rights on any AGM or EGM.
Regards
10 April 2012
I agree with the expert as he has given you the link as well as his opinion
Ajay Mishra
(Expert)
10 April 2012
Dear Agarwal
where is my link in this reply.....
where is my link in this reply.....
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