Is there any time period for which a Right Issue may be open for subscripttion?
This may be given a) for SEBI companies
b) for Unlisted public companies
c) for Nidhi companies, notified u/s 620A oc the Companies Act, 1956
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Right issue - period for which it can open - for nbfc
Replies (2)
As per ICDR 2009 for listed companies A rights issue shall be open for subscripttion for a minimum period of fifteen days and for a maximum period of thirty days.
In case of unlisted public companies for issuance of shared to existing shareholders only Ordinary Resolution is require as per section 81(1) of the Companies Act 1956
For nidhi comapnies i have no Idea.......
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