Dear Experts,
Can a person make renouncement of right shares in favor of more than 1 person ?
Eg :
If a person is offered 10,000 shares, can he renounce 5k each in favor of 2 outsiders ?
issue
right
renounciation
Hello All,
In case of Rights Issue of shares of a private company, the offer period shall be open for a minimum period of 15 days....however if the subscription amount is paid by all the shareholders in a day or two can we go ahead and allot the shares immediately or should we wait for the minimum period of 15 days to get over...what is the practice
Secondly should we file mgt 14 for Rights Issue of a private company??
Dear all
Can Right issue of Shares be done for consideration other than cash. What shall be the procedure?
Kindly advise.
Hello Professionals,
Prvt Co is appointing one director and the company wants to issue fresh shares to that director and increase the capital .The new director is not shareholder .
In AOA of the company there is no clause of right issue ,as in this case company wants to right issue right ,if i am wrong then let me know.
and let me the process for issue of shares from company to director .
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.
criteria
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rationalizes
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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
Click here to view / answer Share it onHi Guys,
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
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