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List of details/ documents required for grant of In principle approval (Preferential Issue) for listing under Regulation 28(1) of the SEMI (LODI) Regulations, 2015 Sr. No. List of Documents/ details
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How to fill out preferential allotment of shareskey

01
Step 1: Obtain the necessary company documents such as Memorandum of Association, Articles of Association, and Board of Directors resolution.
02
Step 2: Determine the number of shares to be allotted, the issue price, and the basis of allotment (preferential basis).
03
Step 3: Prepare a preferential allotment letter stating all the details of the allotment such as the name of the allottee, number of shares allotted, and issue price.
04
Step 4: Obtain the consent of existing shareholders or the approval of the board of directors, depending on the company's regulations.
05
Step 5: File the necessary documents with the Registrar of Companies and pay the applicable fees.
06
Step 6: Issue the share certificates to the allottees once the allotment is approved.
07
Step 7: Update the company's records and maintain the necessary registers related to the allotment.

Who needs preferential allotment of shareskey?

01
Companies that want to raise additional capital without diluting existing shareholders.
02
Companies that want to issue shares to specific individuals or entities who have special rights or privileges.
03
Companies that want to incentivize key employees by offering them preferential allotment of shares.
04
Companies that want to comply with the regulatory requirements of the jurisdiction they operate in.
05
Companies that want to attract strategic investors or partners by offering them preferential allotment of shares.

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Preferential allotment of shares is a process by which a company issues shares to specific individuals or entities at a predetermined price.
Companies looking to issue shares through preferential allotment are required to file the necessary documents with the regulatory authorities.
Preferential allotment of shares can be filled out by providing all the required information about the company, the shares being allotted, and the allottees.
The purpose of preferential allotment of shares is to raise capital for the company by offering shares to specific individuals or entities.
Information such as the company's details, details of the allottees, number of shares being allotted, price per share, and any other relevant details must be reported on preferential allotment of shares.
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