Mgt -14 for isse of shares

You need to consider the board meeting in which issues of shares is considered and not the Allotment of shares. There is huge difference between 'Issue of Shares' and 'Allotment of Shares'

thanks for prompt reply,

I understand but one technical interpretation is that unless n untill shareholders approves the same , how company  can issue the same  ? so it can be after gm ?

contrary view solicited.

Section 179 is about powers of Bopard. Since Board is passing a resolution for issue of shares (subject to approval of members), you need to file MGT-14 for this board resolution, since board has taken decision to issue shares. Taking approval of members is an additional requirement for Preferencial issue.

In any case, issue of shares mentioned in Section 179 does not mean the allotmment of shares which you are doing after GM.

As you know, in Rights Issue, members' approval is not required. In that case, we file MGT-14 for the board resolution passed in first meeting where the issues of shares is approved and not for the second meeting where the allotment is approved. And in fact, you will have to file Board resolution of allotment in Return of Allotment (PAS-3). So, there is no logic of filing it again with MGT-14.