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Allotment of shares where directors are interested

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Student
86 Points Joined October 2015
In a public company there are 3 directors. the company wants to issue share to another company where all the directors have more than 2% share holding. As all these directors are interested directors. Can the allotment be made?
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On 21 September 2017 at 00:02 Report
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student
58 Points Joined September 2015
company can be made issue of share subject to company has to be passed resolution in general meeting of shareholder cosidering interest of directors.
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On 21 September 2017 at 07:00
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Student
86 Points Joined October 2015
but as said in sec 174 interested director are not counted for quorum. and in my case all are interested then shall i continue with the meeting or is it a violation of section 174?
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On 21 September 2017 at 09:06
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PCS
795 Points Joined July 2012

You need to conduct a General Meeting and pass the resolution for issue of shares.

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On 21 September 2017 at 12:04

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