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Right issue

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(Querist)
22 February 2016 In case of issue of shares through Right issue as per section 62 of the Companies Act, 2013, whether company is required to pass board resolution & Special Resolution since in the Act there is no specific info about this.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
22 February 2016 Company is required to pass board resolution for approving letter of offer
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Sumeet bansal

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Sumeet bansal (Querist)
22 February 2016 but offer letter is require to issue only in case of private placement u/s 42 & right issue does not include in the definition of private placement.
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Sumeet bansal

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Sumeet bansal (Querist)
22 February 2016 but offer letter in PAS-4 is required only in case of private placement u/s 42 & right issue is not included in the definition of private placement
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Sumeet bansal

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Sumeet bansal (Querist)
22 February 2016 But offer letter in PAS-4 is require only in case of private placement u/s 42 & Right issue does not include in the definition of private placement
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
28 February 2016 drop me mail on csdiveshgoyal@gmail.com
will mail you complete process for the same.
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