https://www.taxtmi.com/notifications?id=24488 Amendments define preferential allotment to include shares and convertible instruments, require member resolutions to record personal details of proposed allottees and adhere to the statutory cap on recipients; mandate a special resolution authorised by the articles for any preferential issue to be acted on within twelve months; and prescribe invitation and allotment controls including completion and repayment timelines, banking channel payment, segregated application monies, prohibition on public advertising, and treatment of non compliant offers as public offers subject to securities laws. en-us Wed, 14 Dec 2011 00:00:00 +0530 Mon, 02 Jan 2012 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24488 Amendments define preferential allotment to include shares and convertible instruments, require member resolutions to record personal details of proposed allottees and adhere to the statutory cap on recipients; mandate a special resolution authorised by the articles for any preferential issue to be acted on within twelve months; and prescribe invitation and allotment controls including completion and repayment timelines, banking channel payment, segregated application monies, prohibition on public advertising, and treatment of non compliant offers as public offers subject to securities laws. Notifications Companies Law Wed, 14 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24488