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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
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