Issue of warratnt convertible into equity by a private limit
This query is : Resolved
05 September 2012
Dear Friends,
Can a Private Limted Company issue warratnt convertible into equity to non shareholders. If yes what are the formalities, i.e.
i. is Board can staright away the shares
ii Is passing of special reolsution u/s 81(1A), is required, but sec 81(1A) is applicable only to public companyes
iii. Does issue of warratnt requires a provision in the articles and where teher is no provision Amendment in Articles of the Company is required .
An early response is requested.
Can a Private Limted Company issue warratnt convertible into equity to non shareholders. If yes what are the formalities, i.e.
i. is Board can staright away the shares
ii Is passing of special reolsution u/s 81(1A), is required, but sec 81(1A) is applicable only to public companyes
iii. Does issue of warratnt requires a provision in the articles and where teher is no provision Amendment in Articles of the Company is required .
An early response is requested.
05 September 2012
Hi
Firstly check whether you articles permit to issue of warrants convertible into equity shares.
I will suggest you to comply the provision of section 81(1A) and the Rules made their under as a good corporate practice for issue of warrant.However, the provision of section 81(1A) is not applicable to private limited company.
Firstly check whether you articles permit to issue of warrants convertible into equity shares.
I will suggest you to comply the provision of section 81(1A) and the Rules made their under as a good corporate practice for issue of warrant.However, the provision of section 81(1A) is not applicable to private limited company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- LTCG for Assmt year 26-27
- Free lancer income
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
