Resolution for stake sale

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31 December 2010 Resolution for stake sale

Aditya Maheshwari

Aditya Maheshwari (Expert)
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31 December 2010 It is a decision of the shareholders and hence there is no need for resolution.

If allotment of shares are there then a board resoltuion for allotment of shares would do.

If a public limited company and there is preferential alloment of shares then you have to need authorisation by EOGM.