Board ResolutionBoardSection 62(1)(c)Section 42

Preferential Allotment

All companies. Preferential Allotment to specific persons requires a Special Resolution by shareholders and compliance with valuation norms. Private companies are exempt from pricing norms but must still pass a Special Resolution.

Shares move fast in a growing company. Compliance shouldn't be what slows it down. Section 62(1)(c) is the line every share movement has to respect. Concretely: price must be determined by a registered valuer's report (not required for listed companies). With Fi CTC Generator, this is a 3-minute task, not a 30-minute Word-template hunt.

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Preferential Allotment requires a Special Resolution by shareholders (EGM or postal ballot). Allotment must be completed within 60 days of passing the Special Resolution. MGT-14 must be filed within 30 days of the Special Resolution.

Section 62(1)(c), Rule 13, Companies (Share Capital and Debentures) Rules, 2014

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