right issue
This query is : Resolved
28 April 2009
A Ltd. is having 40% shares in B Ltd.
Now B Ltd wants to enhance its capital by right issue.
but the co. don want to issue more shares to A Ltd.
and finally co. issue right shares but not to A Ltd
is it valid
plz give reason
Now B Ltd wants to enhance its capital by right issue.
but the co. don want to issue more shares to A Ltd.
and finally co. issue right shares but not to A Ltd
is it valid
plz give reason
29 April 2009
No, the stance taken by B Ltd. is not valid.As Company A Ltd. holds equity shares in B Ltd, A ltd. has the right to take part in the further offering made by B ltd. in the form of Rights Issue, in this case.
B Ltd. cannot come up with a Rights Issue if it doesnt want to offer such shares to A Ltd.
B Ltd. cannot come up with a Rights Issue if it doesnt want to offer such shares to A Ltd.
30 April 2009
THEN what about special resolution ??????//
in bod meeting
in bod meeting
02 May 2009
This allotment of shares by B ltd is not valid at all. It is clear cut violation of section-81(1).
If B Ltd don't want to issue further shares to A Ltd. then the only way out is preferential issue u/s 81 (1A) by passing Special Resolution.
Regards
If B Ltd don't want to issue further shares to A Ltd. then the only way out is preferential issue u/s 81 (1A) by passing Special Resolution.
Regards
03 May 2009
THANK U SIR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Non-Compliance documents have not been submitted by the contractors debited
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
