Points to remember
Issue should be authorized by Articles of Association of the Company.
Only fully paid securities to be issued and the following securities can be issue under preferential allotment.
Issuance of Equity shares.
Issuance of Fully or partly convertible debentures
Issuance of any other securities convertible into equity shares.
The preferential issue can be offered to person other than equity shareholders of the Company and prepare a list of persons (not exceeding 200 in a financial year for …