22 August 2010
hey buddy u can find the data or ICDR Regulations on www.sebi.gov.in
hope that will help you.
in case still doubt write to me.
normally fpages and offer document should reach SEBI within 6 months from the date of last audited, it means gap between filing draft offer letter and the last balance sheet date should not exceed 6 months
Please find the checklist in respect of issue of Right shares
1 Check whether the right issue is within the authorised share capital of the company. 2 In case listed company ensure to notify the stock exchange concerned the date of board meeting at which the right issue is proposed to be considered at least 2 days in advance
3 ensure to keep the right issue open for at least 30 days and not more that 60 days 4 ensure to convene the meeting and place before it proposal for right issue 5 Ensure that the board should decide on the following matters: i Quantum of issue and the proportion of right shares ii Alteration of share capital if necessary and offering the shares to person other than the existing holders of shares iii fixation of record date iv Appointment of merchant bankers and underwriters v approval of draft letter of offer or authorisation of Managing director/ CS to finalise the letter of offer in consultation with managers to the issue ,the stock exchange and SEBI. The letter of offer should confirm to the disclosure prescribed in Form 2A 6 After th BM inform the stock exchage about the particulars of decision 7 Ensure forward Six sets of letter of offer to concerned stock exchange 8 Advertisement giving date completion of dispatch of LOF 9 Ensure to make arrangement with bankers for acceptance of share application form 10 Ensure to prepare a scheme of allotment of shares 11 convene a board meeting and made allotment of shares 12 Make an application to the stock exchange where the company's shares are listed for the permission of listing new shares 13 Check that a 3 day and 50 day monitoring report has been sent to SEBI
CAclubindia
