Rights issue
pooja (student) (46 Points)
16 May 2019
Can Rights issue offer letter be circulated before increase in authorised capital gets approved by mca?
Ayushi Sharma
(company secretary)
(24 Points)
Replied 17 May 2019
Shrikant
(Associate)
(350 Points)
Replied 24 May 2019
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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