Preferential Issue of Shares

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2010 What is the procedure and provisions of corporate laws, sEBI guidelines etc. for preferential issue of shares by a listed company ?

Ankur Garg

Ankur Garg (Expert)
Follow

10 June 2010 Hi,

For preferential issue of shares by a listed company you have to obtain shareholders approval u/s 81(1A) by passing spacial resolution.

Regarding STX requirements after passing SR you have to obtain in-principle approval from STX under clause 24(a) of listing agreements.

Follow this route on NSE website:

Home > Equities > Listing > Further Issue Checklists

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now