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Pref.shares(preferential allotment)

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28 July 2012 If the capital clause in the MoA as well as AoA comprise equity and preference shares but without any further sub-classification of shares, then can a co. issue pref. shares on preferential/private allotment allotment basis.

Is it necessary that detailed procedure regarding prerential allotment of shares should be laid down in the Act.
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28 July 2012 Pls clarify your query in detail regarding further sub - classification. thanks
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