SEBI_PREFERENTIAL ISSUE GUIDELINES

Hi

kindly see the attached file.

..thanks..

so this DIP is replaced with IRDA...

Yes, SEBI Guidelines is replaced by SEBI(ICDR) Regulations, 2009 in August 2009.

.. Thank u sir..

Hi,

theis is the steps for issuing preferential allotment by the listed company"

Checklist of preferential issue for Listed company:-

1) Holding of BM and taking the following decisions:

a.) To make pref. allotment;
b) To Fix the date, time, and place of holding Shareholder’s meeting to approve the decisions of preferential Allotment and to pass resolution u/s 81(1A) of companies Act

2.) The Stock Exchange should be informed about the outcome of the BM

3.) Issue notice of the Shareholder’s meeting to the shareholders

4.) Holding of Shareholder’s meeting and pass the resolution

5.) The explanatory statement of the notice of the General Meeting should contain the items as per Reg. 73 of SEBI(Issue of Capital & Disclosure ) Regulations 2009, which are as follows:

a) the explanatory statement should mention the object of the issue, intention of the promoters/directors/KMP to subscribe, Shareholding pattern before and after the issue , proposed time limit within which the allotment should be made, identity of the proposed alottees etc.;

6.) The listed company should comply with the condition of continuous listing(SAST) ;

7.) The price should be determined as per Reg. 76 of the SEBI (Issue of Capital & Disclosure) Regulations 2009;

8.) Application should be made to the Stock Exchange for ‘Prior In-Principle’ approval under Listing Agreement 24(a);

9.Within 15 days from the date of General Meeting subject to the ‘Prior In-principle’ approval’ , Hold BM and allot Pref. Shares as per Reg.74 of the SEBI (Issue of Capital & Disclosure) Regulations 2009;
10. Apply to the stock exchange(s) for In-principle Approval of shares along with the processing fees.

11. Applying for Corporate Action with NSDL /CDSL/both.

12. Apply for trading permission/final listing permission with S/Ex(s).


thanks,

Ranjit Singh

Hi Mayuri, you can find the SEBI(ICDR) regulations and amendments in regards to prefencial issue till date on following link...... https://www.sebi.gov.in/acts/Capitaldisclosure.html