Rights issue under companies act, 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2014
Hi
Our company wants to issue shares to 2 out of 7 shareholders. Although we could go for preferential allotment, but since its a closely held company we are going for rights issues so that compliance are less. In this regard, can anyone please provide the resolution to be passed in the Board meeting for approving rights issue. Further what will be the procedure for renouncing right of share in favour of any other shareholder. Also do we need to conduct to meetings..one for approval of issue and another for allotment...can't the allotment to delegated to any committee or any other person?
Request you to please advice at the earliest.
Our company wants to issue shares to 2 out of 7 shareholders. Although we could go for preferential allotment, but since its a closely held company we are going for rights issues so that compliance are less. In this regard, can anyone please provide the resolution to be passed in the Board meeting for approving rights issue. Further what will be the procedure for renouncing right of share in favour of any other shareholder. Also do we need to conduct to meetings..one for approval of issue and another for allotment...can't the allotment to delegated to any committee or any other person?
Request you to please advice at the earliest.
CS Divesh Goyal
(Expert)
06 September 2014
Mail me at
csdiveshgoyal@gmail.com
will mail u complete procedure
csdiveshgoyal@gmail.com
will mail u complete procedure
CS Divesh Goyal
(Expert)
06 September 2014
Mail me at
csdiveshgoyal@gmail.com
will mail u complete procedure
csdiveshgoyal@gmail.com
will mail u complete procedure
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