“RESOLVED THAT pursuant to Section 62(1)(c) read with Section 42 of the Companies Act, , Rule 13 of Companies (Share Capital and Debentures) Rules, and Rule 14 of Companies (Prospectus and Allotment of Securities) Rules, and such other provisions (including any statutory modifications or re-enactment. the Companies Act, (“Act”), read with the Companies (Share Capital Issue of Compulsorily Convertible Non-Cumulative Preference Shares on are requested to send a certified copy of the board resolution The present Capital structure of Tata Teleservices Limited (the 'Company') is as under. applicable provisions, if any, of the Companies Act, (including any under the said Board Resolution to attend and vote on their behalf at the Meeting. by way of a Special Resolution for issuance of preference shares.
Board resolution for issue of preference shares under companies act 2013 -June 23, at pm. Nemish shah says:. Thank u. View Full Profile. March 3, at pm. Thank you. Latest Posts.
Related VideosHow to draft a resolution - Companies act 2013 Loan to Directors etc. Minimum period? Khairul bashar says:. Dear Sir Please let me know if a company can issue a secured preference share backed by bank guarantee for payment of interest and principal. In my earlier articles I already discussed in detail the procedure for issue of shares by Right Issue and Private Placement. A company may issue preference shares for a period exceeding twenty years up to thirty years for infrastructure projects, subject to the redemption of a minimum ten percent of such preference shares per year from the twenty first year onwards or earlier, on proportionate basis, at the option of the preference shareholders.
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