Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Listed Issuer Preferential Issue: Fully Paid Shares, Special Resolution, Dematerialised Shares, PANs Required, In-Principle Approval Needed.</h1> A listed issuer conducting a preferential issue of specified securities must ensure the following: all equity shares are fully paid at allotment, a special resolution is passed by shareholders, proposed allottees' equity shares are in dematerialised form before applying for in-principle approval, compliance with continuous listing conditions, and obtaining Permanent Account Numbers of proposed allottees unless exempted. Additionally, the issuer must apply for in-principle approval from stock exchanges on the same day the general meeting notice is sent for shareholder approval via special resolution.
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