Resolution


This query is : Resolved 

(Querist)
18 December 2012 sir,
A pvt. Ltd. co. allot share can he has to pass at EOGM a ordinery resolution or special resolution?

Ajay Mishra (Expert)
19 December 2012 Hi

A private company can allot shares in Board Meeting and no need to pass the same to Shareholders Approval. The provisions of section 81(1A) of the Companies Act, 1956. Please check what your articles said.


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