As per Section 62(1) of the Companies act, 2013 if the Company decides to issue further shares, these should be offered to existing shareholders in proportion to existing persons who are holders of equity shares. ‘Right Issue’ means offering shares to existing members in proportion to their existing shareholding. This article examines the detailed procedure for a successful Right Issue of shares under the Companies Act, 2013.
Tune into the podcast of FunnTaxx where we simplify tax and finance-related topics. 🎧
P.S. - We are available on all platforms. 🤩
Now you can subscribe to our weekly newsletters and stay updated.
