Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Right to renounce of shares

Others 428 views 3 replies

sushant agarwal

student

24 Points Posted on 25 June 2016

Suppose there is a private company it has 5 share holders and the company issues right issue. Can all the 5 share holders renounce their share to the relatives? Please state the reasons as well. Thankyou.

Replies (3)

Kumud prasad

Practicing CS

216 Points Posted on 26 June 2016

AS PER SEC.62, YES THEY CAN RENOUNCE

P C Agrawal

Registered independent director Past Ch

8229 Points Posted on 27 June 2016

Yes, but it is subject to provisions in the articles to the contrary. Ref. Sec. 62(1)(a)(ii).

pallavi sharma

Assistant company secretary

22 Points Posted on 08 July 2018

please tell me the procedure how to renounce shares. n also draft format

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Topic

More recent discussions | Post

Related Topics

Latest Job Openings

View all

29 May 2026

Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details

ARTICLESHIP 27 May 2026

CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details

16 May 2026

Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

14 May 2026

Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details

19 May 2026

Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details

26 May 2026

Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details