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. .
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.
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.
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.
CAclubindia
