Right issue and slp

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Harvinder kumar (Querist)
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06 August 2012 Dear Professionals,

if a unlisted public company wants to right issue u/s.81 (1) to its existing shareholders, in this case Statements in lieu of Prospectus (SLP) is required to be filed with ROC?

In my opion it should not be filed because we are not going to public and under right issue there is not requirement of filing of SLP.

Kindly provide the information in this regard and if possible, kindly provide the check list regarding it.

Look forward to your sincere reply.

Thanks and Regards,
Harvinder

CS Arpita Rajpurohit

CS Arpita Rajpurohit (Expert)
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07 August 2012 as per me, SLIP is not required to be filed. you just need to hold an EGM, approve the issue of shares & then allot the shares & file form 2 for allotment & form 23 for issue of shares.