Rights issue
This query is : Resolved
20 February 2015
Whether private limited companies eligible to issue rights shares under companies act 1956?
23 February 2015
Yes.
Relevant Section 81 of the Companies Act, 1956 was mandatory for all public companies, listed as well as unlisted.
In case of private company it was necessary only if its articles specifically provide for it, otherwise the shareholders have no pre- emption rights and the directors have the right to offer new shares to any person/s in any number.
Section 62 of the companies act 2013 is applicable to private companies as well.
Relevant Section 81 of the Companies Act, 1956 was mandatory for all public companies, listed as well as unlisted.
In case of private company it was necessary only if its articles specifically provide for it, otherwise the shareholders have no pre- emption rights and the directors have the right to offer new shares to any person/s in any number.
Section 62 of the companies act 2013 is applicable to private companies as well.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Multiple trade mark
- Regarding appeal to GSTAT
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
