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Q & A

1986 Views 2 Ans

Could you pls confirm that in case of rights issue u/s 62(1)(a) of Companies Act,2013, approval of shareholders is not required and allotment by way of board resolution is a sufficient compliance under the said section?

Section 62- Further issue of share capital.

Posted By: Kanika gupta 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Manivannan Jayaraman

If existing shareholders not subscribed or renounced to other than shareholders

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    Akansha

Shareholders resolution is not required

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