Public Issue of Shares

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Rohit (Querist)
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16 August 2010 Dear All,

I want to know

whether a pulic company can issue shares to public without going for listing?

If yes what is the procedure?

If not can it be done u/s 81(1A) of the Companies Act, 1956?

what is the procedure?

Ankur Garg

Ankur Garg (Expert)
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16 August 2010 For public issue listing on STX is must read with section 73 of the compapnies act, 1956.

If you want to raise capital from selected persons then u may go for preferential issue of shares u/s 81(1A) with the previous approval of shareholders through special resolution in the GM.

1. Held a BM and discuss the agenda
2. Fix time and place for EGM
3. Pass SR on the EGM for preferential issue
4. File form 23 with 30 days of EGM with ROC
5. Hold a BM for allotment of shares
6. File for 2 for allotment with in 30 days of BM under point no. 5

REgards
4.

Rohit

Rohit (Querist)
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18 August 2010 Thanks Ankur for the quick response.

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