CBN looted Snow Babu and took control of heritage

[Joker_007]

On 10/24/2024 at 8:27 PM, psycontr said:

Mohan babu heritage lo share undhi ante sollu anukunna, nijamenayya subbarao share undhi as per this doc,, page 12

https://www.heritagefoods.in/static/images/pdf/moa.pdf

Thanks Kaka.. for sharing the document... On Page 16 it is mentioned as below..

The Board may at any time increase the subscribed capital of the Company by issue of new shares out of the unissued part of the Share Capital in the original or subsequently created capital, but subject to Section 62 of the Act, and subject to the following conditions namely:

I. (a) Such further shares shall be offered to the persons who, at the date of the offer, are holder 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.

(b) The offer aforesaid shall be made by notice specifying the number of shares offered and limiting a time not being less than twenty-one days, from the date of the offer within which the offer, if not accepted, will be deemed to have been declined.

(c) The offer aforesaid shall be deemed to include a right exercisable by the person concerned to renounce the shares
offered to him or any of them in favor of any other person and the notice referred to in clause (b) shall contain a
statement of this right.

d) After the expiry of the time specified in the notice aforesaid, or in respect of earlier intimation from the person to whom such notice is given that he declines to accept the shares offered, the Board may dispose of them in such manner as it thinks most beneficial to the Company.
II. The Directors may, with the sanction of the Company in General Meeting by means of a special resolution, offer and allot shares to any person at their discretion by following the provisions of section 62 of the Act and other applicable provisions, if any.

III. Nothing in this Article shall apply to the increase in the subscribed  capital of the Company which has been approved by:
   (a) A Special Resolution passed by the Company in General Meeting before the issue of the debentures or the raising  of the loans, and
(b) The Central Government before the issue of the debentures or raising of the loans or is in conformity with the rules, if any, made by that Government in this behalf.

Mohan babu did not bought the additional shares when the company went for expansion but wanted equal share on the un-invested part how come kaka, just tell me... 

 

 

 

[CosthaBidda]

On 10/24/2024 at 9:47 AM, psycontr said:

 

Papam. Snow Babu kuda mi Anniyya lage athi Machi tanam vayya. Manchollake kashtalu

[vetrivellunza]

On 10/24/2024 at 11:16 AM, Android_Halwa said:

10gadam, lekapothey 10gipovadam…maa sendranna signature style adi..

Heritage aina…TDP party aina..! Same to same formula..

Ghaand jal gayii 

poyi sree reddy aatul ethuko ra bhosdi