Rights issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2012
As per the latest rules, rights issue offer is required to be kept open for a minimum of 15 days. My question is :-
1) What is the maximum period for which the rights issue offer can be kept open?
2)Is there any difference in norms for listed and unlisted company as far as rights issue offer period is concerned or is it the same in both cases.
1) What is the maximum period for which the rights issue offer can be kept open?
2)Is there any difference in norms for listed and unlisted company as far as rights issue offer period is concerned or is it the same in both cases.
17 March 2012
1. Maximum period is 15 days.
.
2. Unlisted companies don't offer right issue and neither these are covered by SEBI because these are unlisted.
.
3. Unlisted companies can issue shares to anyone to whom Board of Directors think fit.
.
4. Hence there is practically no need to follow such practice.
.
Please refer:
.
http://www.domain-b.com/investments/markets/sebi/20090821_sebi_trims.html
.
2. Unlisted companies don't offer right issue and neither these are covered by SEBI because these are unlisted.
.
3. Unlisted companies can issue shares to anyone to whom Board of Directors think fit.
.
4. Hence there is practically no need to follow such practice.
.
Please refer:
.
http://www.domain-b.com/investments/markets/sebi/20090821_sebi_trims.html
17 March 2012
You can issue right issue in unlisted companies but the SEBI guideline for right issue shall not be applicable to those companies.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
17 March 2012
You can issue right issue in unlisted companies but the SEBI guideline for right issue shall not be applicable to those companies.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
17 March 2012
You can issue right issue in unlisted companies but the SEBI guideline for right issue shall not be applicable to those companies.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
Right issue means the further issue of capital to the existing shareholders of the company at a fixed price of shares which can be renounced in favour of any other person or persons and the shareholders cannot be forced to take or subscribe the shares so issued. Generally right issue is made at a premium which is lower then the market value or equiv-ant to the book value such formula is available for issue of right shares with other formalities of the companies act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- TDS NUMBER SURRENDER
- Residential status for filling income tax returns in India
- DTCP approval
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
