https://www.taxtmi.com/acts?id=17359 Section 62 requires proposed increases in subscribed capital to be offered pro rata to existing equity shareholders by notice with a specified acceptance period and a stated renunciation right; unaccepted shares may be disposed of by the board not disadvantageously. Alternatives permit issuance to employees under an ESOP by special resolution, or to any persons by special resolution with price determined by a registered valuer. Conversions from convertible debentures or loans are excluded where pre-approved by special resolution, but government-directed conversions may be ordered and, if implemented, increase authorised capital and alter the memorandum. en-us Sat, 02 Mar 2013 11:21:11 +0530 Wed, 24 Dec 2025 14:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17359 Section 62 requires proposed increases in subscribed capital to be offered pro rata to existing equity shareholders by notice with a specified acceptance period and a stated renunciation right; unaccepted shares may be disposed of by the board not disadvantageously. Alternatives permit issuance to employees under an ESOP by special resolution, or to any persons by special resolution with price determined by a registered valuer. Conversions from convertible debentures or loans are excluded where pre-approved by special resolution, but government-directed conversions may be ordered and, if implemented, increase authorised capital and alter the memorandum. Act-Rules Companies Law Sat, 02 Mar 2013 11:21:11 +0530 https://www.taxtmi.com/acts?id=17359