Totally Agreed with Ankur Sir...
issue of preference shares
Page no : 2
Charu
(nil)
(122 Points)
Replied 29 December 2010
Very useful information by Mr. Ankur. Thanks a lot
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 29 December 2010
Dear all,
I want to thank all of you for your consideration and reply.
Actually this question was asked by my sir to me and now he want to knw where in the law it is written that Statement in lieu of prospectus is required...???
I read sec. 70, 44, 80, 81, etc. but nowhere it is written.
Infact my sir is saying that we need not to follow sec. 80 and 81 regarding that. If it is so then where in the law it is mentioned ?
Kindly reply.
Regards,
Shridhi Jain
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 29 December 2010
For the issuance of Preference Shares, Section 80 need to be complied with and in case the preference shares are to be issued on preferential basis Special resolution is required under section 81(1A).
No Statement in lieu of prospection would be required in case of issuance of shares on preferential basis.
Sarada
(N.A.)
(63 Points)
Replied 31 January 2011
what is the procedure for issue of preference shares u/s 80 by a listed company to select shareholders (other than promoters).
Recent Topics
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
Related Threads
CAclubindia
