someone tell me what s the price band and relevant date in case of preferntial allotment
2 Replies
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 28 October 2010
| Originally posted by : Nidhi Jain | ||
 |
someone tell me what s the price band and relevant date in case of preferntial allotment |
 |
In case of preferential allotment in Listed Companies:-
Relavant date means:-
a. in case of preferential issue of equity shares, the date thirty days prior to the date on which the meeting of shareholders is held to consider the proposed prefential issue.
Provided that in case of preferential issue of equity shares pursuant to a scheme approved under the Corporate Debt Restructuring framework of Reseve Bank of India, the date of approval of the Corporate Debt Restructuring Package shall be the relevant date.
b. In cae of preferential issue of convertible securities, either the relevant date referred to in clause (a) above or a date thirty days prior to the date on which the holders of the convertible securities become entitled to apply for the equity shares.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 28 October 2010
For detail study please refer chapter VII of ICDR Regulations, 2009. (Attached)
Attached File : 14 sebi issue of capital and disclosure requirements regualtions 2009.pdf downloaded: 185 times
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