Hi
Can anyone please tell what are the consequences / penalty involved if the provisions related to Section 62 (for rights issue) are not complied with and the shares are allotted.
Thanks in advance
Khushboo Maheshwari (Company Secretary) (548 Points)
03 February 2015Hi
Can anyone please tell what are the consequences / penalty involved if the provisions related to Section 62 (for rights issue) are not complied with and the shares are allotted.
Thanks in advance
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 05 February 2015
Pl refer Section 450.
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)