Menu
Right shares
Can rights issue be made to only one shareholder at premium (Rs. 10 + premium) and to the remaining shareholders at face value (only Rs. 10) under one issue?
Replies (2)
No while issuing same class of shares , they cannot make discrimination between share holders
As per section 62(1)(a) of the Companies Act 2013, right issue of shares means the shares to the existing shareholders of the Company at the existing rates at the predetermined price in accordance to their existing paid up share capital.
You cannot give the shares to one shareholder at Rs. 110 (100+10) and to other at 100 as it would involve differential of interest and would correspond to the provisions of right issue of shares
Recent Threads
- ITR3 under new tax regime
- Please advice what itr to file for AY 2025-26
- Reporting Capital Gains of NRI in ITR
- Gratuity income as salary income on AIS portal. Is
- 80C deductions not being allowed in ITR2 for old r
- Unable to submit ITR 1 return
- Direct Tax(Income from Salary)
- Income from House Property or Business
- 44ADA Business code 14005
- How to rectify Form 67 that is already submitted
CAclubindia
