1) What is the steps of delisting the listed company
2) How to spliting the listed company shares
3) Which way the company should function when it has paidup
capital is equal or more than 5,00,00,000/- (I mean which
way the company should do it work in the company Act 1956.
Is the company have to appoint a CS and and managing
director of a any other things which is compulsory for
these kind of company which paid up capital is 5,00,000/-
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Answer / Syed Dabir Husain
1) Delisting a listed company involves several steps. First, the company's board of directors passes a resolution to delist. Next, the company applies to the stock exchanges where it is listed for approval. Once approved, the company issues a notice to its shareholders about the intention to delist. The shareholders then vote on the proposal. If the majority approves, the Securities and Exchange Board of India (SEBI) gives its final approval, and the company is officially delisted.
2) Splitting shares involves dividing each existing share into a specified number of smaller shares. This increases the total number of shares but lowers their individual value. The process requires a special resolution passed by the shareholders, followed by regulatory approvals from the stock exchanges and SEBI.
3) When a company has paid-up capital equal to or more than INR 5 crores (50 million), it is classified as a 'company having a paid-up capital and free reserves of not less than five crores rupees' under the Companies Act, 1956. Such companies are required to have at least two directors, one of whom must be an Independent Director. The company also needs to appoint a Company Secretary within three years from the date of its incorporation or when the paid-up capital exceeds INR 5 crores, whichever is later.
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