RIGHT SHARES

This query is : Resolved

Shobit Saxena (Querist)
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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?

Ankur Garg

Ankur Garg (Expert)
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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

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