Prefrential allotment u/s 81(1a)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2012
can an unlisted public company can take share application money from existing shareholders and its associates companies before passing special resolution u/s 81(1A)?
if no, then is it mandatory to pass S/R before accepting any share application money by the Company ?
pls reply.
if no, then is it mandatory to pass S/R before accepting any share application money by the Company ?
pls reply.
Ajay Mishra
(Expert)
24 February 2012
Hi
You can take share application money before the Board Meeting on which it will be decide to call a general meeting for issue shares under section 81(1A) of the Companies Act, 1956.
Yes it is mandatory to pass SR under section 81(1A) of the Companies Act.
You can take share application money before the Board Meeting on which it will be decide to call a general meeting for issue shares under section 81(1A) of the Companies Act, 1956.
Yes it is mandatory to pass SR under section 81(1A) of the Companies Act.
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