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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
What else can I help you with?
The assimilation of native American was a goal of?
the Dawes General Allotment Act.
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
What was the Dawes General Allotment Act of 1887 and it's intended purpose.?
KALABAW IS GOOD
The Allotment Act intended to impose upon the Native Americans the European concept of?
private Propert ownership
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.
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.
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.
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 meant by allotment?
overhead allotment means the charging of overheads to cost units or cost centres.
Can you use allotment in a sentence?
Example sentence - Our monthly military allotment increased after the birth of our son.
