Right Issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2011
Can anyone provide me complete procedures of right issue of a private company including the specimen of resolutions.
18 July 2011
Rights Issue (RI) is when a listed company which proposes to issue fresh securities to its existing shareholders as on a record date. The rights are normally offered in a particular ratio to the number of securities held prior to the issue. This route is best suited for companies who would like to raise capital without diluting stake of its existing shareholders unless they do not intend to subscribe to their entitlements.
But in case of Pvt Ltd Company...
A private Company cannot issue shares to outsiders so invariably the shares are allotted to existing shareholders. So a pvt company can issue shares to existing shareholders by passing a resolution in Board Meeting and filing form 2 within 30 days.
But in case of Pvt Ltd Company...
A private Company cannot issue shares to outsiders so invariably the shares are allotted to existing shareholders. So a pvt company can issue shares to existing shareholders by passing a resolution in Board Meeting and filing form 2 within 30 days.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2011
Thank you
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