Is this mean the "Right" can be give up / transferred to any other person??
Let's say "A" shareholder got rights and transferred to Non-shareholder "B" and now "B" became a shareholder of that company
If YES, Is this like a BACKDOOR of IPO/FPO/B not purchased shares in stock market to become shareholder? So companies can skip regulations of public issues?
1. This transaction is valid and allowed in Law.
2. You can call it as back door entry.
Aggarwal Sarawagi and Co
New Delhi
CA
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Open Co Consulting LLP
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B.Com
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