Hello Professionals
Is section 42 applicable for Rights Issue of shares under section 62(1)(a)? Are PAS 4 (Letter of Offer) and PAS 5 (Record of Offer) applicable for Rights Issue of shares?
Dear Friends
Please let me know if a wholly owned subsidiary Indian company is allotting shares to its foreign holding company u/s 62(1)(a), whether offer letter needs to be issued. If yes, please share a draft of offer letter.
621a
lettersection
offer
Dear Friends
Please let me know if a wholly owned subsidiary Indian company is allotting shares to its foreign holding company u/s 62(1)(a), whether offer letter needs to be issued. If yes, please share a draft of offer letter.
621a
lettersection
offer
