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When a listed company doesn't want to go for further public issue and the objective is to raise huge capital by issuing bulk of shares to selected group of people, preferential allotment is a good option
A private placement is an issue of shares or of convertible securities by a company to a select group of persons under Section 81 of the Companies Act, 1956, which is neither a rights issue nor a public issue. This is a faster way for a company to raise equity capital.
A private placement of shares or of convertible securities by a listed company is generally known by name of preferential allotment. A listed company going for preferential allotment has to comply with the requirements contained in Chapter XIII of SEBI* (DIP) Guidelines, in addition to the requirements specified in the Companies Act. In short, preferential issue means allotment of equity to some selected people by a company which has its share already listed.
*Securities and Exchange Board of India
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Can you camp on allotments?
Camping on allotments is generally not permitted as these plots are designated for gardening and agricultural purposes. Allotment rules often prohibit overnight stays or camping to maintain the primary focus on cultivation. However, specific regulations can vary by local council or allotment association, so it's essential to check the rules governing the particular allotment in question. Always seek permission from the allotment holder or management before planning any overnight stay.
The assimilation of native American was a goal of?
the Dawes General Allotment Act.
What does Allotment this date vacated mean?
"Allotment this date vacated" typically refers to a situation where a designated allocation or assignment, such as a property or task, has been officially canceled or nullified as of a specific date. This phrase may be used in legal or administrative contexts to indicate that the previous arrangement is no longer valid. It often implies that the rights or responsibilities associated with that allotment are no longer in effect.
Which of these replaced the Agricultural Adjustment Act?
Soil Conservation and Domestic Allotment Act.
What was the goal of Dawes general allotment act?
to assimilate Indians into white culture
Sentences with the word allotment?
Example sentences for the noun 'allotment':An allotment of water was distributed to each tornado victim.We calculated the grant allotment at twelve dollars per student.We were able to purchase it with a government allotment.
What is the procedure for allotment of shares?
what is the procedure of allotment of shares?
What is the procedure of allotment of shares?
what is the procedure of allotment of shares?
Use the word allotment in a sentence?
I can put allotment in a sentence.
What is the duration of Allotment Wives?
The duration of Allotment Wives is 1.33 hours.
What is a sentence with the word allotment?
His allot want her allotment of time for study to be 3 hours. She tried to keep her allotment of time for study at three hours or less. In order to balance his budget, he decreased his allotment of money for fun things.
Do members of the Commonwealth have preferential tariffs?
Commonwealth members received preferential tariffs in the early days, but when Britain joined the European Union, this preferential treatment was lost.
When was Kumpula Allotment Garden created?
Kumpula Allotment Garden was created in 1927.
When was Allotment Wives created?
Allotment Wives was created on 1945-11-08.
What is the effect of irregular allotment of shares?
1.Allotment is valid with min fine to BOD - Allotment made with out min application money - Allotment made before expiry of 5th date - Allotment is made without issuing prospectus and state lieu of prospectus to ROC 2.Voidable option to allottee. 3.Void
What is an allotment size?
An allotment can be any size. It is a share or a portion of something which is given to an individual or group.
When was West Allotment Celtic F.C. created?
West Allotment Celtic F.C. was created in 1928.
