Rights issue


student

Can Rights issue offer letter be circulated before increase in authorised capital gets approved by mca?

Total likes : 1 times

 
Reply   
 
company secretary

yes, because the effective date of increased date will be special resolution date.
 
Reply   
 
Associate

Yes. they can do the same because increase in authorised share capital (ASC) does not need approval of ROC or central govt. We just need to give notice to ROC in form SH-7 about the increase in ASC.


Total likes : 1 times

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU