Easy Office
LCI Learning

Rights issue under companies act, 2013

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 September 2014 Hi

Our company wants to issue shares to 2 out of 7 shareholders. Although we could go for preferential allotment, but since its a closely held company we are going for rights issues so that compliance are less. In this regard, can anyone please provide the resolution to be passed in the Board meeting for approving rights issue. Further what will be the procedure for renouncing right of share in favour of any other shareholder. Also do we need to conduct to meetings..one for approval of issue and another for allotment...can't the allotment to delegated to any committee or any other person?

Request you to please advice at the earliest.
Profile Image

CS Divesh Goyal

Profile Image

CS Divesh Goyal (Expert)
06 September 2014 Mail me at
csdiveshgoyal@gmail.com
will mail u complete procedure
Profile Image

CS Divesh Goyal

Profile Image

CS Divesh Goyal (Expert)
06 September 2014 Mail me at
csdiveshgoyal@gmail.com
will mail u complete procedure
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links