Conditions.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n 205 of the Companies Act, 1956 for [1][* * *] three financial years preceding the year in which it was decided to issue such shares; 2. the company has not defaulted in filing annual accounts and annual returns for three financial years immediately preceding the financial year [2][* * *] in which it was decided to issue such share; 3. the company has not failed to repay its deposits or interes....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ng at which resolution is proposed to be passed is accompanied by an explanatory statement stating-- (a) the rate of voting right which the equity share capital with differential voting right shall carry; (b) the scale or in proportion to which the voting rights of such class or type of shares will vary; (c) the company shall not convert its equity capital with voting rights into equity shar....