Further issue of share capital

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..... , are holders of equity shares of the company in proportion, as nearly as circumstances admit, to the paid-up share capital on those shares by sending a letter of offer subject to the following conditions, namely:- ( i ) the offer shall be made by notice specifying the number of shares offered and limiting a time not being less than fifteen days 3 [ or such lesser numbe .....

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..... ich is not dis-advantageous to the shareholders and the company; ( b ) to employees under a scheme of employees' stock option, subject to special resolution passed by company and subject to such conditions as may be prescribed; or ( c ) to any persons, if it is authorised by a special resolution, whether or not those persons include the persons referred to in .....

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..... sued or loan raised by the company to convert such debentures or loans into shares in the company: Provided that the terms of issue of such debentures or loan containing such an option have been approved before the issue of such debentures or the raising of loan by a special resolution passed by the company in general meeting. (4) Notwithstanding anything contained in sub-secti .....

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..... y and the Government pass such order as it deems fit. (5) In determining the terms and conditions of conversion under sub-section (4), the Government shall have due regard to the financial position of the company, the terms of issue of debentures or loans, as the case may be, the rate of interest payable on such debentures or loans and such other matters as it may consider necessary. .....

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..... it was read as, of a registered valuer subject to such conditions as may be prescribed 2. Substituted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 09 February, 2018, before it was read as, (2) The notice referred to in sub-clause ( i ) of clause ( a ) of sub-section (1) shall be despatched through registered post or speed post or through electronic mode to all th .....

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