https://www.taxtmi.com/acts?id=14658 Preferential allotment covers allotment of shares or instruments convertible into shares, including hybrid convertibles, under subsection (1A) of section 81 of the Companies Act, 1956; proposed recipients' name, father's name, address and occupation must be stated in the members' resolution, and the number of recipients must comply with the limit in the first proviso to subsection (3) of section 67. "Promoter" includes those in overall control and those who hold themselves out as promoters, with promoters of a corporate promoter deemed promoters; "control" includes rights to appoint a majority of directors or to control management or policy, including via shareholding, management rights or shareholders/voting agreements. en-us Fri, 03 Jun 2011 17:55:28 +0530 Fri, 03 Jan 2020 17:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14658 Preferential allotment covers allotment of shares or instruments convertible into shares, including hybrid convertibles, under subsection (1A) of section 81 of the Companies Act, 1956; proposed recipients' name, father's name, address and occupation must be stated in the members' resolution, and the number of recipients must comply with the limit in the first proviso to subsection (3) of section 67. "Promoter" includes those in overall control and those who hold themselves out as promoters, with promoters of a corporate promoter deemed promoters; "control" includes rights to appoint a majority of directors or to control management or policy, including via shareholding, management rights or shareholders/voting agreements. Act-Rules Companies Law Fri, 03 Jun 2011 17:55:28 +0530 https://www.taxtmi.com/acts?id=14658