TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Unlisted Public Companies Must Follow Preferential Allotment Rules for Equity Shares, Require Special Resolution and Audit</h1> The Unlisted Public Companies (Preferential Allotment) Rules, 2003, established by the Central Government under the Companies Act, 1956, govern the preferential issuance of equity shares and convertible financial instruments by unlisted public companies. These rules require a special resolution by the company's members, with the resolution acted upon within 12 months. Companies must disclose pricing, objectives, and potential changes in control in the explanatory statement for the general meeting. An audit certificate confirming compliance with these rules must be presented to shareholders. The rules aim to ensure transparency and proper authorization in preferential allotments.
TaxTMI 
TaxTMI 
