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??
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
disclosure
requirements
eligibility
rationalizes
issue
sebi
rights
Hi Guys,
Can a private company give full voting rights against partly-paid shares, if the articles provide that Section 47 will not be applicable.?
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,
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?
Click here to view / answer Share it onindia
rights
property
intellectual
A company has no preference shares. Can preference shares be issued under rights issue to existing equity shareholders?
Also how are preference shares valued at the time of issue? Is it same as equity share valuation?
issue
rights
under
shares
preference
Hi,
Please guide Whether rights issue can be renounced to existing shareholder in a private limited company?
Thanks & Regards
Querry related to Rights of Secured Creditors in case borrower have been gone in liqudation.
A bank ltd have grant secured loan to ABC Pvt ltd for 10 cr. During the year bank has demanded additional collateral property to continue the said facilty. ABC Pvt Ltd have arranged to give Collateral of Group Company i.e. XYZ ltd amounting to 2cr along with Corporate Gurantee of 10cr.
Now, XYZ ltd have gone into liqudation. A Bank has received notice by ROC in terms of Secured Creditors.
Querry:-
Can Bank have both the rights to sell the property under SARFASI and also invoke Corporate Gurantee??
Dear All,
I want to understand the concept of Equity shares with differential voting Rights does it also include the concept of Non - voting Equity Shares?
equity
shares
voting
differential
rights
