Right issue of shares

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CS Trainee
32 Points Posted on 02 February 2020

Can a right issue of shares be made to Mr. A (shareholder) at Rs. 15 and to the remaining shareholders at Rs. 10 under the same issue?

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On 02 February 2020 at 15:04 Report
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This discussion addresses whether a company can offer shares at different prices during a rights issue – specifically, Rs. 15 to one shareholder and Rs. 10 to others. While initially referencing Section 23 of the Companies Act 2013, the user couldn't find a clear prohibition. The conversation also touches upon how to rectify such an issue if it has already been implemented incorrectly.

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Cs
22 Points Posted on 02 February 2020
No, kindly refer chapter 3, section 23 of companies act 2013 .
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On 02 February 2020 at 18:38
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CS Trainee
32 Points Posted on 03 February 2020
Thank you. But I couldn't seem to find anything relevant in the Act. If such an issue has been made, how do we undo it?
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On 03 February 2020 at 17:09

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