It is a question mark about when in one issue of preferential issue of shares to promoters , promoters did not apply or take part in issue , in second issue in the name of promoter are they entitled to get the preferential issue of shares ???? This is our SEBI And all Bodies. In fact the section 81 (1) A is applied in the case when issue of rights issue of shares are under subscribed , due to this reason , such un applied shares by shareholders can be allotted to any body including promoters . Only if such resolution to the effect is appsed by Genral Body of the Company??? What is applied , see the original amendments as back as in 1959, 1960.
The success story was due to Voltas Limited who was distributing the product all over India . That reached to every hand of every house , even a small man.!!!+ Advertisement.Constant supporting unstinted supply even without Voltas Limited after firat initial 5 years or so.
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