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    Preferential allotment of Shares to Promoters.

    Posted By : ARUN GANDHI / Published on : 27-Jul-2022 05:16 AM / View : 295 / Comment : 0

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    Dear All

    Kindly provide your views on the below-mentioned query.

    A listed company is proposing to issue and offer share warrants to the Promoter group on a preferential allotment basis. As per the provisions of the Companies Act, 2013, the proposed item is required to be passed by way of special resolution. Whether shareholders belonging to ‘Promoter Group’ to whom share warrants shall be issued can vote in the special resolution?

    If not, can the promoter shareholders other than those to whom share
    warrants shall be offered can vote in the said special resolution?
    Read more on : promoters shares allotment preferential

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