Eligibility for Right Shares
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Juhee Goyal /
Published on :
25-Apr-2023 05:00 AM /
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Hi Everyone!
If shares are sold after the ex-date/record date, would eligibility for the rights issue still apply?
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shares
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Posted By : Juhee Goyal /
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22-Aug-2023 05:29 AM /
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Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
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Posted By : Juhee Goyal /
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22-Aug-2023 05:26 AM /
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In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
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Posted By : Juhee Goyal /
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15-Jul-2023 04:55 AM /
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In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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Posted By : Juhee Goyal /
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14-Jul-2023 05:05 AM /
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What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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Posted By : Juhee Goyal /
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13-Jul-2023 05:56 AM /
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54 /
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Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
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Posted By : Juhee Goyal /
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12-Jul-2023 05:07 AM /
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If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
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Posted By : Juhee Goyal /
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28-Jun-2023 08:39 AM /
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Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
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Posted By : Juhee Goyal /
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27-Jun-2023 04:13 AM /
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Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
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No, The ex-date and record date are important dates in relation to a rights issue of shares.
In most cases, the eligibility for a rights issue is determined based on the shareholder's ownership on the record date. The ex-date is the first day the shares trade without the right to receive the upcoming dividend or rights issue. If you sell your shares after the ex-date or record date, you may lose your eligibility for the rights issue.
For example, if the record date for a rights issue is May 1 and you sell your shares on May 2, you would not be eligible to participate in the rights issue, even if you owned the shares on the record date. On the other hand, if you sell your shares before the ex-date, you would be entitled to receive the rights issue even if you no longer own the shares on the record date.
It's important to check the specific terms of the rights issue to confirm the eligibility requirements and deadlines for participation.