ABC Ltd. has completed buy-back of equity shares on 30 th April, 2014. The company desires to make further issue of equity shares on 31 st August, 2014. Can the company proceed and allot further equity shares on 31 st Au
CS Professional · Corporate Restructuring, Valuation and Insolvency · PYQS · December 2014
ABC Ltd. has completed buy-back of equity shares on 30 th April, 2014. The company desires to make further issue of equity shares on 31 st August, 2014. Can the company proceed and allot further equity shares on 31 st August, 2014 assuming that all other requirements are complied with or will be complied with ? Will your answer be different, if the company desires to issue and allot on the very same day (i.e., 31 st August, 2014), preference shares instead of equity shares assuming that all other requirements are complied with or will be complied with?
Topics: Corporate Finance
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