Share issue by unlisted company

Hi

In case of public company, they can issue further shares as per section 81(1A)  read with Unlisted Public Companies (Preferential Allotment) Rules, 2003.

You can do so as per your above proportionate pattern.

Regards

Kindly see the attached file.

Thanks for prompt reply but kindly note that Section 81 and Unlisted Public Companies (Preferential Allotment) Rules, 2003 does not talk about differential pricing of shares.  The above mentioned provisions specifies only the proecedures to be followed.

My specific question is about differential pricing for further issue to promoter companies (in the above case A Ltd. and B Ltd.) and new investor (C Ltd.) by unlisted company (X Ltd.). 

I searched the issue into corporate law book but could not find anything relevant.  Companies Act, silent about the issue. 

Could you please provide some case laws/studies where any company has done this for clarification.

Thanks & regards,

Thanks & regards,

I would like to add up further that while searching net (https://www.yourcompanysecretary.com/PROCEDURES/XIII-6.htm)  I found that differential pricing is not permitted for composite issue of an existing unlisted company which makes the public issue for the first time.

I want to make sure whether the above provision is correct if yes then what is the relevant section.

Thanks & regards,

Hello,

Can anyone please provide the checklist stating the procedure to be followed by the Public Limited Company (Unlisted) to Issue shares and the relevant forms which have to be uploaded with ROC..