pls tel me whether pvt co can issue right shares, what r the compliances it has to follow, about pricing and other terms??
pls mail me at ankur_bansal87 @ rediffmail.com
its urgent
10 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 04 December 2009
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 04 December 2009
One more thing right issue is governed by section 81 which is not applicable to a private company.
RAMESH POLINENI
(ca)
(352 Points)
Replied 04 December 2009
The private company should not issue right shares to its members
Ankur bansal
(a)
(135 Points)
Replied 04 December 2009
ankur sir very very thanx for ur rply
it wil really help me a lot
Ankur bansal
(a)
(135 Points)
Replied 04 December 2009
bt jo link aapne send kiya hai usme mainly co act k provisions hai, jo pvt co pe apply nhi hote,
that means pvt unlisted co can issue right shares without any of the requirement???
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 December 2009
Yes. A pvt unlisted co can issue right shares without any special requirements. Allot share in the board meting and file form-2 within 30 days of board meeting.
Nidhi Salampuria
(Company Secretary & Complaince Officer)
(48 Points)
Replied 30 April 2012
what if a pvt co (which is a subsidiary of a listed co) wants to do a right issue?? does it need to follow the listing requirements??
bhagyashree
(Student CA Final )
(21 Points)
Replied 08 November 2013
at what price can the rights issue be made by the private company. can it made at discount and if yes then will provision of section 56 of income tax act get attracted
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