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Right issue- sec.62

This query is : Resolved 
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(Querist)
30 July 2015 Sir,

A Company Proposes to go for right issue, and given offer letter for 15 days. If all the Right holders including Renouncees subscribed by paying full amount/Rejected within shorter time (eg.3 days), Can the Company allot the right share immediately without waiting for 15 days.
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Pratik Shah

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Pratik Shah (Expert)
30 July 2015 Yes..you can close the office and allot the shares before 15 days.
This exemption was given to private limited company vide Notification date 05th June, 2015. Please have a look at it.
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SREENATH P.

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SREENATH P. (Querist)
30 July 2015 if it is a closely held public limited Company?
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Pratik Shah

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Pratik Shah (Expert)
30 July 2015 then, you will have to wait for 15 days to complete.
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