Can members of a
company offer shares for sale Section 28 of Indian Companies Act 2013 - offer
of sale of shares by certain members of the Company.
Section 28 Offer of sale of
shares by certain members of the Company - Indian Companies Act 2013
As per Section 28 of
Indian Companies
Act 2013 the members of the company can offer sale of shares in consultation
with the board and in accordance with the provisions in the Companies Act. Provision in the Indian
Companies Act 2013 regarding offer of sale of shares by certain members of
the company is as under.
(1) Where certain members of a company propose, in consultation with the
Board of Directors to offer, in accordance with the provisions of any law for
the time being in force, whole or part of their holding of shares to the public,
they may do so in accordance with such procedure as may be prescribed.
(2) Any document by which the offer of sale to the public is made shall, for
all purposes, be deemed to be a prospectus issued by the company and all laws
and rules made thereunder as to the contents of the prospectus and as to
liability in respect of mis-statements in and omission from prospectus or
otherwise relating to prospectus shall apply as if this is a prospectus issued
by the company.
(3) The members, whether individuals or bodies corporate or both, whose
shares are proposed to be offered to the public, shall collectively authorise
the company, whose shares are offered for sale to the public, to take all
actions in respect of offer of sale for and on their behalf and they shall
reimburse the company all expenses incurred by it on this matter.
How to
authenticate documents, proceedings and contracts of a Company Section 21 of Indian Companies Act 2013
How to
execute bills of exchange etc Section 22 of Indian Companies Act 2013
What are the methods to issue securities by Companies Section 23 of Indian Companies Act 2013
- Public offer and Private Placement
What are the Powers of Securities and Exchange Board (S E B I) to regulate, issue
and transfer of securities Section 24 of Indian Companies Act 2013
Document containing offer of securities for sale to be deemed prospectus Section 25 of Indian Companies Act 2013
What are the
matters to be stated in Prospectus Section 26 of Indian Companies Act 2013.
Contents of Prospectus. What is the provision for punishment against violation
of law regarding issue of Prospectus
What
is the effect of variation in terms of contract or objects in prospectus Section 27
of Indian Companies Act 2013
Can members of a company offer shares for sale Section 28 of Indian Companies Act 2013
- offer of sale of shares by certain members of the Company
Public offer of securities should be in dematerialized form. Section 29 of Indian Companies Act 2013
What
are the methods to advertise Prospectus What are the conditions Section 30 of Indian Companies Act 2013
What is Shelf
Prospectus Who can file prepare and file it What are the conditions Section 31 of Indian Companies Act 2013
What is Red
Herring Prospectus Who can issue red herring prospectus What are the terms Section 32 of Indian Companies Act 2013
How to issue Application forms for Securities What is the procedure Section 33 of Indian Companies Act 2013
What is the criminal liability for mis statement in Prospectus What is the
punishment Section 34 of Indian Companies Act 2013
What is the
Civil liability for mis statement in the Prospectus Who is punishable Section 35 of Indian Companies Act 2013
What is the
punishment for fraudulently inducing persons to invest money Section 36 of Indian Companies Act 2013
How can the affected persons act against company for mis leading statements Section 37 of Indian Companies Act 2013
What is the punishment for personation etc of securities Section 38 of Indian Companies Act 2013
How to allot securities by Company What the is process Section 39 of Indian Companies Act 2013
How to dealt with Securities Is it necessary to deal with Stock Exchanges Section
40 of Indian Companies Act 2013. What is the punishment for violation?
