Advertise With Us

    In Right Issue Whether Separate Bank Account is mandatory to open

    Posted By : SARIKA / Published on : 30-Sep-2022 11:33 AM / View : 196 / Comment : 0

    Print button
    If you are issuing shares on rights basis to existing holders, then no need to go for a separate bank account but if we doing for new shareholders is it mandatory ?


    section 62 (1) (a) tells us about Right issue. and valuation report/special resolution and separate bank account is not required for right issue but for public issue and private placement it is required.

    section 62 (1) (c) is about private placement.
    If we are triggering 62(1) (c) which speaks of issue of shares to other than existing holders.


    Read more on : account mandatory open bank separate issue whether right

      Please Select File:



    Other Queries from SARIKA
    What's New on

    Unanswered Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or ask@compliancecalendar.in