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FDI AMOUNT HAS BEEN RECEIVED FROM SPAIN IN NOV'14 AND RBI ALSO HAS SANCTIONED UNIQUE CODE IN MAR'15. INDIAN COLLABORATOR IS ALSO TO CONTRIBUTE 40% OF THAT AMOUNT. BUT PROBLEM IS THAT AS PER COMPANIES ACT, 2013, THERE IS A VERY LENGTHY PROCEDURE FOR NEW ISSUE OF SHARES, BUT RIGHT SHARES CAN BE ISSUED . NOW THE PROBLEM IS WHAT SHOULD BE THE DATE OF EGM FOR INCREASE IN AUTHORIZED CAPITAL AND RIGHT ISSUE. ALSO CAN A SINGLE EGM BE CALLED FOR THE BOTH THE PURPOSE IN OCTOBER 14? IF NO, THEN WHAT SHOULD BE THE PROCEDURE

Fund raising

Posted By: Manoher lal goyal 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Akansha

Yes, single EGM can be called for both the purpose provided company have to do compliance's for increasing authorized share capital before issuance of shares.

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    Akansha

Yes, single EGM can be called for both the purpose provided company have to do compliance's for increasing authorized share capital before issuance of shares.

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