No need to conduct two egms. Just conduct one egm and get the approval for the total amount for instance Rs.50 lacs. You can issue the shares on preferential allotment through board resolution itself and you can allot 40 members in the first and the balance in the another board meeting.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
26 April 2012
Thank you for your reply.
But, as per Unlisted Public Companies (Preferential Allotment) Amendment Rules, 2011 any proposed offer shall not be made to more than 49 allottees.
Also details like name, father's name, address and occupation of proposed allottees has to mentioned in special resolution.