RIGHT SHARES
This query is : Resolved
18 August 2009
Does a co. to comply with sec.31, i.e Right of pre-emption when a co.is issuing shares having differential voting rights? If no whynot?
19 August 2009
I think u r talking about section 81.
Even if a co. issued sahres having differential voting rights it has to comply with section 81.
If co. is not interested in allotment to existing shareholders then before allotment in others favour special resolution of shareholders under section 81(1A) is mandatory.
Regards
Even if a co. issued sahres having differential voting rights it has to comply with section 81.
If co. is not interested in allotment to existing shareholders then before allotment in others favour special resolution of shareholders under section 81(1A) is mandatory.
Regards
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