A company wants to issue preference share so kindly provide the details note on following points:-
1) SEBI guidelines on preferential allotment of shares
2) RBI guidelines on preferential allotment of shares
3) Provisions of Companies Act 1956
Kind guide keeping in view the practical aspects.
Thanks in advance.
Regards
Dhiren
Dear RBI guidlines will be applicable in case any allotment to non resident and in such case approval from RBI should be obtain if the sectoral cap exceed.SEBI guidlines are basically deals with the disclouser in the prospectus and the provision of companies act 1956 is applicable as per the listed and unlisted requirement in case of listed company clause 49 will be applicable.
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