Shares issued at discount require certified copy of the court order delivered to the Registrar before taking effect. Orders sanctioning the issue of shares at a discount must direct that a certified copy of the sanctioning order be delivered to the Registrar of Companies for registration within one month of the order, and the order shall not take effect until such certified copy has been delivered, unless the Court otherwise directs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Shares issued at discount require certified copy of the court order delivered to the Registrar before taking effect.
Orders sanctioning the issue of shares at a discount must direct that a certified copy of the sanctioning order be delivered to the Registrar of Companies for registration within one month of the order, and the order shall not take effect until such certified copy has been delivered, unless the Court otherwise directs.
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