Right issue
This query is : Resolved
Sumeet bansal
(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.
CS Mitesh Mehta
(Expert)
22 February 2016
Company is required to pass board resolution for approving letter of offer
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.
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
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
CS Divesh Goyal
(Expert)
28 February 2016
drop me mail on csdiveshgoyal@gmail.com
will mail you complete process for the same.
will mail you complete process for the same.
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