RIGHT SHARES
This query is : Resolved
Shobit Saxena
(Querist)
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
(Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
