Companies will now be eligible to come out with Fast Track Rights Issue, in case of pending show-cause notices w.r.t. adjudication, prosecution proceedings and audit qualification, provided that necessary disclosures along with potential adverse impact on the issuer are made in the letter of offer.
Confirm if any one doing.
The Capital Markets Regulator, with an objective to make the fund raising through Rights Issue route easier, faster and cost effective has decided to came out with the following amendments in SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018:
I. Waiver of mandatory 90% minimum subscription criteria
Mandatory 90% minimum subscription criteria for Rights Issue will not be applicable subject to fulfillment of following:
Object of the Issue involves financing other than financing of capital expenditure for a project.
Provided further that the Promoters & Promoter group of the issuer fully subscribe to their rights entitlement.
Give Your Comment on this.
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If we give offer letter under section 62(1) for the right issue then it's mandatory that offer letter should be in the pas-4 format...
and if we issue shares at par then valuation report from registered valuer is required or we can go without valuation report.
Can we allot right shares at premium ?
Can anyone please share form pas-3 for right issue. if the existing shareholder renounced his shares in favor of others that renunciation letter is also required to be annexed in form
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Can a private company give full voting rights against partly-paid shares, if the articles provide that Section 47 will not be applicable.?
Dear Member,
In case of the right issue, the consideration was received in Cheque and the same could not be deposited into the company ‘s account and the same will be deposited later Since the Cheque could not be deposited in the account of the Company, whether allotment can be made as on 31.03.2020.
Q. Curtsy
Garima goel
Hi all,
A private limited company allotted rights shares on 10/07/2016, however the company made another allotment on 10/08/2016 within a matter of 1 month gap because there was a delay of one month for receiving the amount from its foreign shareholder .The company has filed mgt14 for the board resolution and later for both the allotment the company filed pas-3 Using the same mgt14 SRN .
The question here is for the second allotment made on 10/08/2016 should the company start over the process of rights issue all over again I.e sending offer letter, filing separate Mgt14 form or the above is method followed by the company is fine
regulations
fema
issue
rights
Dear Members
We are doing a Right Issue in One Company. Amount of allotment is Rs. 10.44 Lakhs to a Foreign Company who is also the existing shareholder. Out of 10.44 Lakhs 9.50 Lakhs have been received two month back and balance amount of Rs. 0.94 Lakhs is pending
Now my question is can we receive the small amount in future after the allotment. Let us assume allotment dated is today i.e. 27/02/2020 and balance amount is received by 07th March, 2020.
Will it create any issue at the time of filing of FCGPR.
Is there any non compliance/violation of any provisions of Companies Act or FEMA.
Dear Members,
Please reply on following query:
Can a Private Company issue shares to its employees with following differential rights:-
i. Have no voting rights
ii. Have no right on tangible assets of Company
iii. Cannot transfer shares to other than existing shareholders except in case of disinvestment
If yes, under which Companies Act, 2013, section or rules can private company issue above mentioned shares.
You are requested to reply as soon as possible.
rights
differential
employees
shares
issue
Dear Members,
Please reply on following query:
Can a Private Company issue shares to its employees with following differential rights:-
i. Have no voting rights
ii. Have no right on tangible assets of Company
iii. Cannot transfer shares to other than existing shareholders except in case of disinvestment
If yes, under which Companies Act, 2013, section or rules can private company issue above mentioned shares.
You are requested to reply as soon as possible.
rights
differential
employees
shares
issue
What are the issues related to IPR (intellectual property rights) in India?
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