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Hello ,my private company wants to for right issue , we need to give offer to all existing sharehlders , now i want to give offer only 4 members not everyone , is this valid?

Fund raising

Posted By: Ashish 9 year(s) ago

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

sonal saboo

As per Section 62(1)(a), Right shares must be offered to all existing Share holders, they can reject/renounce in favour of any one. If no reply in notice period /reject BOD can dispose of shares as they think fit. In this manner shares , shares can be given to only 4 SH. Otherwise u have to go for private placement offer.

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kamal

IN MY OPINION, IN RIGHT ISSUE OFFER TO ALL EXISTING SHARE HOLDER, BUT IF YOU WISH TO GIVE OFFER TO 4 MEMBERS ONLY THEN GO WITH PRIVATE PLACEMENT PROCEDURE.

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