20 October 2010
whether general meeting is required to issue shares at premium or can it be done in board meeting. and jst wanted to confirm that allotment can be made in board meeting.or we can do should the above activities in general meeting
20 October 2010
In case of a public company as per section 81 only right issue of shares can be made to the shareholders. The same can be done via a board reoslution.
In case preferential allotment is made then the same needs to be passed via resolution in general meeting of shareholders.
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