rights issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2010
sirs,
is it mandatory to conduct general meeting by an unlisted company for rights issue?
is it mandatory to conduct general meeting by an unlisted company for rights issue?
Jayashree S Iyer
(Expert)
07 December 2010
If the right issue is offered to the existing shareholders then there is no need to hold general meeting.(Sec. 81(1))
If there are offered to persons other than the existing shareholders then special resolution is required to be passed by the General meeting. (Sec. 81(1A))
If there are offered to persons other than the existing shareholders then special resolution is required to be passed by the General meeting. (Sec. 81(1A))
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