62(1)(a) needs Share holders permission!???
(Guest)
62(1)(a) needs Share holders permission!???
3 Replies
CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 18 September 2016
Only Board Meeting is sufficient. However, 62(1)(c) NEED TO BE FOLLOWD AFTER THE APPROVAL OF SHAREHOLDERS ONLY ALONGWITH SPECIAL RESOLUTION ONLY
P C Agrawal
(Registered independent director Past Ch)
(8229 Points)
Replied 19 September 2016
Approval of shareholders is not required for rights issue u/s 62(1)(a).
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