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Petition under Section 79 for sanction of issue of shares at a discount

Document Cited in Related
Vincent
Updated atMarch 2010

Petition

[See Rule 44]

IN THE HIGH COURT AT........

Company Petition No........... of 20........

................. Co. Ltd. - Petitioner

Petition under Section 79 for sanction of issue of shares at a discount

.................. Co. Ltd., the petitioner abovenamed, states as follows:-

  1. The abovenamed company, the petitioner herein (hereinafter called "the company") was registered on the............... day of............ 20....... under the provisions of the Companies Act, 1956 as a company limited by shares.

  2. The registered office of the company is situated at..................

  3. The objects of the company are as set out in the memorandum of association annexed hereto. They are briefly:-

  4. The authorised capital of the company is Rs............ divided into........... shares of Rs................... each, of which............... shares have been issued, and have been paid up or credited as fully paid-up, (or have been paid up to the extent of Rs.............. per share.)

    [If there are different classes of shares, all the classes should be set out with particulars as to the amounts paid up on each share of every class.]

  5. After its incorporation, the company became entitled to commence business on the........... day of.............. 20......, and has since been and is still carrying on business.

  6. By a resolution of the company duly passed in accordance with Section 189, at a general meeting of the company held on the.......... day of............, 20...., after due notice as provided in the Act, it was unanimously (or, by a majority of............ votes to.............. votes) resolved as follows:-

  7. The shares proposed to be issued as aforesaid are of the same class of...

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