Public Issue of Shares
This query is : Resolved
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?
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
(Expert)
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.
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.
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