Regulation 107 — This chapter shall apply to unlisted companies issuing further capital by way of:
Regulation text
(i) right shares;
(ii) other than right shares;
(iii) bonus shares;
(iv) employee stock option schemes; and
(v) shares with different rights including preference shares.
Explanation:- For the purposes of these regulations the term “unlisted companies” includes all
companies other than listed & foreign companies.