We have a client (Private Limited) where they wanted to issue shares to NRI.
so they are planning to issue right Shares to existing SH and the exisiting SH shall reject the offer formally through a letter and the same shares shall be issued to NRI at a premium.
is it possible, if yes under which section?
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Right Shares
Replies (4)
yes can be done
Pls tell in detail if the NRI is already a shareholder of the company.
If he is already a shareholder then others can reject the offer and The NRI can accept.
And if he is not shareholder then a new private placement would have to be done
| Originally posted by : anoop | ||
 |
yes can be done |  |
How this cab ne done? under which section of the Companies Act 2013?
if you provide right to renounciation then it's allowed. For this check AOA If AOA is silent then add the provision of renounciation.
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