.... terested to acquire 8.5% redeemable
preference shares face value of Rs. 100/- each for a total amount of INR 23.65
crores. For this purpose, we have already remitted 2.5 million US$....". A
similarly worded letter for additional preference shares together with
consideration for the shares w ...
.... is no such power specifically recognised in section 111A, and therefore, no public company has the power to refuse registration of transfer as its shares are freely transferable. Even though this contention appears to be sound, yet, a reading of the proviso to sub-section (2) would, indicate that t ...
COMPANY LAW BOARD, (PRINCIPAL BENCH)
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