28 July 2012
If the capital clause in the MoA as well as AoA comprise equity and preference shares but without any further sub-classification of shares, then can a co. issue pref. shares on preferential/private allotment allotment basis.
Is it necessary that detailed procedure regarding prerential allotment of shares should be laid down in the Act.
Guest
Guest
(Expert)
28 July 2012
Pls clarify your query in detail regarding further sub - classification. thanks
CAclubindia
