Procedure for Private Placement in Public & Private Companies
A private placement refers to the offering or issuance of securities by the Company to a specific group of identified individuals, rather than through a public issue.
Procedure for the Appointment of an Additional Director
Board of Directors has the power to appoint any director as an additional director other than a person who fails to get appointed as a director in a general meeting, if authorized by the Article of Association (AoA) of the company.
Procedure for Appointment of Small Shareholders’ Director
A listed company may appoint a small shareholders’ director suo moto or upon receiving notice from either one thousand small shareholders or one-tenth of the total number of small shareholders, whichever is lower.