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A public Company need not offer further shares to existing shareholders, if………….
Ordinary resolution is passed to that effect by the company in General Meeting
Special resolution is passed to that effect by the company in General Meeting
Resolution is passed by Board of Directors and approved by Company Law Board
Special resolution is passed by the company in General Meeting and approved by Registrar of Companies.
According to Sec 64 (c) to any persons, if it is authorised by a special resolution, whether or not those persons include the persons referred to in clause (a) or clause (b), either for cash or for a consideration other than cash, if the price of such shares is determined by the valuation report of a registered valuer subject to such conditions as may be prescribed.
By: Srishti Gupta ProfileResourcesReport error
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