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Cancellation of preferential allotment

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(Querist)
29 August 2011 what is the prodedure to take a step back of issuing preferential allotment of a listed company if the allottes unwilling to take the allotment?
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
30 August 2011 As per my understanding:

1. Forfeit the upfront money, if any
2. Pass a shareholders resolution for cancellation of deal.

3. Intimate the stock exchange

alternatively you may take advice directly from the stock exchange.

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