Disclosures for preferential allotment require specified explanatory statement particulars enabling shareholder evaluation of price, objects, allottees, holdings and control. The explanatory statement to the notice for a general meeting for a preferential allotment must specify the price or price band, the relevant date for ... Summary
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Disclosures for preferential allotment require specified explanatory statement particulars enabling shareholder evaluation of price, objects, allottees, holdings and control.
The explanatory statement to the notice for a general meeting for a preferential allotment must specify the price or price band, the relevant date for pricing, the objects of the issue, the class or classes of proposed allottees, promoters/directors/key management subscription intentions, the shareholding pattern before and after the offer, the proposed timeline for allotment, and whether a change in control is intended or expected.
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