Query regarding the postal ballot

This query is : Resolved 

26 November 2011 dear expert,

ours is a listed company and we recently gone for postal ballot for getting ascent of the share holders to issue preferential shares to banks against their unpaid interest.

but due to a wrong calculation in interest portion by us, the postal ballot notice was issued for lesser no of shares than the actual no of shares. and the ascent is obtained from share holders and the in Principal approval from SEBI is also taken. only allotment is pending.

hence request you to advice us in this regard.

26 November 2011 To rectify this you have to revise the same process again.

26 November 2011 In my opinion, you should go for the allotment of such number of shares for which approval has been taken.

Remaining portion may be set by any other mean or in due course.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries