Section 4
Manner of disinvestment.
The Tyre Corporation of India Limited (Disinvestment of Ownership) Act, 2007
About this Act
An Act to provide for disinvestment of Government's equity in the Tyre Corporation of India Limited and for matters connected therewith or incidental thereto.
The Central Government may, in its order made under section 2,
specify that disinvestment of shares shall be effected by one or more of the following methods as may be
specified in such order, namely:--
(a) by making a public offer or preferential allotment or private placement in accordance with such procedure as applicable in case of any other Government company;
(b) by directing the company to make further issue of equity capital to the members of the public or preferential allotment or private placement, as the case may be, in accordance with such procedure as applicable in case of the Government company.
(a) by making a public offer or preferential allotment or private placement in accordance with such procedure as applicable in case of any other Government company;
(b) by directing the company to make further issue of equity capital to the members of the public or preferential allotment or private placement, as the case may be, in accordance with such procedure as applicable in case of the Government company.