Sec 81(1)(a)

Section 81(1)(a) talked about right issue i.e. further issue of share to existing shareholder. In this case no general meeting is required and only board resolution is required to allot share to the existing shareholder.

Further, paid up share capital considered as increased only after board resolution for allotment. Under section 81(1A) GM required. Date of allotment in case of section 81(1A) is always after shareholder's approval in GM.

Regards--Ankur