Fractional Entitlements in case of right issue of shares
Posted By :
Juhee Goyal /
Published on :
06-Apr-2023 04:13 AM /
View :
555 /
Comment :
1
Hi Folks!
What are fractional entitlements? What will be the entitlement if a shareholder holds less than 2 Equity shares?
Read more on : issue shares right case entitlements fractional
-
-
Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:29 AM /
View :
307 /
Comments : 2
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:26 AM /
View :
353 /
Comments : 2
Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
15-Jul-2023 04:55 AM /
View :
326 /
Comments : 2
Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
14-Jul-2023 05:05 AM /
View :
289 /
Comments : 0
Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
13-Jul-2023 05:56 AM /
View :
477 /
Comments : 0
Hi Everyone!
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 ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
12-Jul-2023 05:07 AM /
View :
305 /
Comments : 0
Hi Everyone!
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?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
28-Jun-2023 08:39 AM /
View :
324 /
Comments : 0
Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
Click here to view / answer Share it on
-
Posted By : Juhee Goyal /
Published on :
27-Jun-2023 04:13 AM /
View :
254 /
Comments : 1
Hi Folks!
Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
Click here to view / answer Share it on
Unanswered Queries
Latest Queries
Popular Queries
Blogs
Like us on Facebook
Follow Us on Twitter
Copyright © 2024 Compliance Calendar LLP. Developed By
Hi Juhee
The Rights Equity Shares are being offered on a rights basis to existing Eligible Equity Shareholders in the
ratio of 1 (One) Rights Equity Shares for Every 2 (Two) Equity Shares held as on the Record Date. As per the SEBI Rights Issue Circular, the fractional entitlements are to be ignored. Accordingly, if the shareholding
of any of the Eligible Equity Shareholders is less than 2 (Two) Equity Shares or is not in the multiple of 2 (Two) Equity Shares, the fractional entitlements of such Eligible Equity Shareholders shall be ignored by rounding down of their Rights Entitlements. However, the Eligible Equity Shareholders whose fractional entitlements are being ignored, will be given preferential consideration for the Allotment of one additional Rights Equity Share if they apply for the Additional Rights Equity Shares over and above their Rights
Entitlements, if any, subject to availability of the Rights Equity Shares in this Issue post allocation towards the Rights Entitlements applied for.
5 Further, the Eligible Equity Shareholders holding less than 1 (One) Equity Shares shall have ‘zero’ entitlement for the Rights Equity Shares. Such Eligible Equity Shareholders are entitled to apply for the Additional Rights Equity Shares and will be given preference in the Allotment of one Rights Equity Share, if such Eligible Equity Shareholders apply for the Additional Rights Equity Shares, subject to availability of the Rights Equity Shares in this Issue post allocation towards the Rights Entitlements applied for. However, they cannot renounce the same in favour of third parties.