CHECKLIST FOR PREFERENTIAL ISSUE

[Rinky Agrawal]

DEAR FRIENDS ,
CAN ANYONE PROVIDE ME THE COMPLETE CHECKLIST CONTAINING RULES AND PROCEDURE ALSO FOR PREFERENTIAL ALLOTMENT BY A LISTED CO.

THANKS
RINKI AGRAWAL
PCS
8097343677

[CS A Rengarajan]

Check list on preferential allotment

regards

Please find below the checklist of Listed company:-

1Hold BM and take the following decisions:

1.a.) Take decision to make pref. allotment;
1.b) Fix the date, time, and place of holding Shareholder’s meeting to approve the decisions of pre. Allot and to pass resolution u/s 81(1A) of CA;

2.The Stock Exchange should be informed about the outcome of the BM;

3. Issue notice of the Shareholder’s meeting should be issued to the shareholders;
4. Hold the Shareholder’s meeting and pass the resolution;
5. The explanatory statement of the notice of the General Meeting should contain the items as per Clause13.1A of SEBI(DIP) Guidelines, which are as follows:

5.a) the explanatory statement should mention the object of the issue, intention of the promoters/directors/KMP to subscribe, tentative Shareholding pattern before and after the issue , proposed time limit within which the allotment should be made, identity of the proposed alottee etc.;

6.The listed company should comply with the condition of continous listing ;

7.The price should be determined as per clause 13.1.1.1 o the SEBI(DIP) Guidelines;

8. Application should be made to the Stock Exchange for ‘In-Principle’ approval;

9.Hold BM and allot Pref. Shares after getting the ‘In-principle’ approval’ from Stock Exchange.

10.Apply to the stock exchange for listing of and trading approval of Pref. Issue.

Thanks,

CS Siddhartha Banik

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csarengarajan
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[Vivek Aggarwal]

Dear Rinki

I hope the attachment will be helpful for you.

 

Regards
CS Vivek Aggarwal

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From: Rinky Agrawal <rinki....@gmail.com>
To: csmy...@googlegroups.com
Sent: Sun, 16 January, 2011 4:00:30 PM
Subject: [CSMysore] CHECKLIST FOR PREFERENTIAL ISSUE

[Rinky Agrawal]

thanks to all of u for prompt help

rinky agrawal (pcs)

[Nagendra B]

dip guidelines has been replace by ICDR guideline... some changes are there to bollow

With Regards.
     nagu

[Jayashree Chandrasekaran]

yes refer ICDR guidelines and also after the issue of guidelines there have been some amendments...hence pls refer to them in SEBI website

Jayashree

C.JAYASHREE

PARTNER

S.GANESH&ASSOCIATES

CHENNAI

98840 17120

[Rinky Agrawal]

ya i have done that, thanks for guidance

rinky  (PCS)