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Dear friend,
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A Company may issue shares at a discount of a class alredy issued if the following conditions are fulfilled:
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1. the issue of shares at a discount must be authorised by a special resolution and must be sanctioned by the central govt.
2. the resoultion spcifies the maximum rate of discount (not exceeding 10% or such higher % sanctioned by CLB)
(provided that no such resolution shall be sactioned by the CLB if the maximum rate of discount specified in the resolution exceeds 10% unless the CLB is of the opinion that a higher percentage of discount may be allowed in the special circumstances of the case)
3. not less than 1yr has at the date of issue elapsed since the date on which the Co. was entitled to commence business; and
4. the shares to be issued at a discount are issued within 2 months after the date on which the issue is sanctioned by the CLB or within such extended time as the CLB allows.
5. where the co. has passed a resolution authorising the issue, it may apply to the CLB for an order sanctioning the issue.
In my opinion in ur case also, CLB order is required.
It can be obtained by petition to the CLB, and the order obtained has to be filed with the Registrar in E- Form 21