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    All› Companies Law › Companies Law - 1977
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    No. SO 2577, - Dated: 30-07-1977 - Co. LawCompanies Law
    Share capital - Further issue ‑ Institutions specified by Central Government for the purposes of clause (b) of the proviso to section 81(3)(b)
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    Specified institutions for further issue of share capital enable preferential allotment under Companies Act regime.
    The Central Government, under the proviso to section 81(3)(b) of the Companies Act, 1956, specifies a list of public financial institutions, insurance corporations and named finance companies as eligible for the purposes of clause (b) of the proviso governing further issues of share capital, thereby clarifying which entities qualify under that proviso for allotment in further issues.

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