banner_ad

Query regarding the postal ballot

This query is : Resolved 

26 November 2011 dear expert,

ours is a listed company and we recently gone for postal ballot for getting ascent of the share holders to issue preferential shares to banks against their unpaid interest.

but due to a wrong calculation in interest portion by us, the postal ballot notice was issued for lesser no of shares than the actual no of shares. and the ascent is obtained from share holders and the in Principal approval from SEBI is also taken. only allotment is pending.

hence request you to advice us in this regard.

26 November 2011 To rectify this you have to revise the same process again.

26 November 2011 In my opinion, you should go for the allotment of such number of shares for which approval has been taken.

Remaining portion may be set by any other mean or in due course.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details