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Rights issue
Can Rights issue offer letter be circulated before increase in authorised capital gets approved by mca?
Replies (2)
yes, because the effective date of increased date will be special resolution date.
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.
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