Preferential Issue of Shares
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
(Expert)
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
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
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