The Unlisted Public Companies (Preferential Allotment) Rules, 2003

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..... sted Public Companies (Preferential Allotment) Rules, 2003 G.S.R. 922(E). - In exercise of the powers conferred by sub-section (1A) of section 81 of the Companies Act, 1956 read with section 642 of the said Act, the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.- (1) These rules may be called Unlisted Public Companies (Preferential Allotme .....

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..... the person or persons who are in over-all control of the company; and (b) the person or persons who hold themselves as promoters. Explanation : Where a promoter of a company is a body corporate, the promoters of that body corporate shall also be deemed to be promoters of the company. (3) "control" shall include the right to appoint majority of the directors or to control the management .....

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..... nt shares. 6. Disclosures.- The explanatory statement to the notice for the general meeting as required by section 173 of the Companies Act, 1956 shall contain the following particulars: (a) the price or price band at which the allotment is proposed; (b) the relevant date on the basis of which price has been arrived at; (c) the object/s of the issue through preferential .....

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