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[Cites 0, Cited by 27] [Section 81(1)] [Section 81] [Entire Act]

Union of India - Subsection

Section 81(1)(a) in The Companies Act, 1956

(a)such [further] [ Substituted by Act 65 of 1960, Section 24, for " new" (w.e.f. 28.12.1960).] shares shall be offered to the persons who, at the date of the offer, are holders of the equity shares of the company, in proportion, as nearly as circumstances admit, to the capital paid-up on those shares at that date;