Wednesday, 7 March 2018

Company Registration in Tirupur

Company Registration in Tirupur

Company Registration

Listing Agreement 

Under clause 21 of the Equity Listing Agreement a listed company is required to fix and notify the stock exchange at least 21 days in advance the date on and from which redemption amount of redeemable shares will be payable.It is also required under this clause to issue simultaneously the cheques  for redemption money of redeemable shares which shall be payable at par at such centers as may be agreed to between the stock exchange and the company and shall be collected at par ,with collection charges ,if any being borne by the company in any bank in the country at centers and other than the centers agreed to between stock exchange and the company,so mas to reach the holder of shares on or before the date fixed for payment of redemption money.
As per the provisions of section 80(4) of the 1956 Act,no fee is collected,for the issue of shares to redeem the preference shares is not an increase in capital.

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