preferential allotment

Summary of New Draft Rules for Preferential Allotment/ Private Placement in unlisted public companies

SEBI - Under Section 81 (1A) of the Companies Act, a public company may make a preferential allotment of shares only by passing a special resolution in a general meeting. On 24 May 2011 the Ministry of Corporate Affairs has issued a new set of draft rules [Unlisted Public Companies (Preferential Allotment) Rules, 2011] to replace the Unlisted P...

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Waiver of Certain Requirements Relating to Preferential Allotment to Insurance Companies and Mutual Funds

SEBI - Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues -On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion in such cases is not at the option of the holders o...

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SEBI reviewing timeline for converting the prefrence warrant into shares and upfront magin to be paid

SEBI - Norms for preferential allotment of equity warrants are learnt to be back under the regulatory scanner, following complaints from institutional investors that this instrument is being misused by promoters....

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Comments invited on proposed rules for preferential allotment u/s 81 of Companies Act, 1956

F.No. 12/13/2011-Legal - (24/05/2011) - In exercise of the powers conferred by sub Section (1-A) of Section 81 of the Companies Act 1956 read with Section 642 of the said Act, the Central Government hereby makes the following rules in supersession of unlisted Public companies (Preferential Allotment) Rules, 2003. 1. Short Title and Commen...

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SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure, Retail IPO Investment Limit upto 2 lakhs, Advertise filing of offer documents, Uniform allotment in IPO, Companies to decide whether partly/fully paid shares

Notification No. LAD-NRO/GN/2010-11/19/26456 - (12/11/2010) - The above details shall be given for a period of five years prior to date of filing of draft offer document and ought to be updated upto the date of filing of the red herring prospectus. In case of offer documents for fast track issues filed under Regulation 10, the period of five years shall be rec...

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Recent Posts in "preferential allotment"

Waiver of Certain Requirements Relating to Preferential Allotment to Insurance Companies and Mutual Funds

Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues -On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion in such cases is not at the option of the holders o...

Read More
Posted Under: SEBI |

Summary of New Draft Rules for Preferential Allotment/ Private Placement in unlisted public companies

Under Section 81 (1A) of the Companies Act, a public company may make a preferential allotment of shares only by passing a special resolution in a general meeting. On 24 May 2011 the Ministry of Corporate Affairs has issued a new set of draft rules [Unlisted Public Companies (Preferential Allotment) Rules, 2011] to replace the Unlisted P...

Read More
Posted Under: SEBI |

Comments invited on proposed rules for preferential allotment u/s 81 of Companies Act, 1956

F.No. 12/13/2011-Legal (24/05/2011)

In exercise of the powers conferred by sub Section (1-A) of Section 81 of the Companies Act 1956 read with Section 642 of the said Act, the Central Government hereby makes the following rules in supersession of unlisted Public companies (Preferential Allotment) Rules, 2003. 1. Short Title and Commencement -(i) These rules may be call...

Read More

SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure, Retail IPO Investment Limit upto 2 lakhs, Advertise filing of offer documents, Uniform allotment in IPO, Companies to decide whether partly/fully paid shares

Notification No. LAD-NRO/GN/2010-11/19/26456 (12/11/2010)

The above details shall be given for a period of five years prior to date of filing of draft offer document and ought to be updated upto the date of filing of the red herring prospectus. In case of offer documents for fast track issues filed under Regulation 10, the period of five years shall be reckoned on the date of filing of prospectu...

Read More

SEBI reviewing timeline for converting the prefrence warrant into shares and upfront magin to be paid

Norms for preferential allotment of equity warrants are learnt to be back under the regulatory scanner, following complaints from institutional investors that this instrument is being misused by promoters....

Read More
Posted Under: SEBI | ,

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