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)
Quick Summary
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 Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
