A rights issue is an offer of shares to all the existing shareholders of the Company in proportion to their existing shareholding. The company also sets a time limit for the shareholders to buy the offered shares. Companies pursue Rights Issue as an avenue to raise funds for various reasons. Section 62 (1) (a) of […]
Section 175 of the Companies Act, 2013 (the Act) read with Rule 5 of Companies (Meeting of the Board and its Powers) Rules, 2016 and Standard 6 of Secretarial Standards-1 issued by the Institute of Company Secretaries of India allows the Company to pass a resolution by circulation without convening a Board meeting or a […]
Extension of Due Date for Companies whose Financial year has ended on 31/12/2019 Considering the rapid spread of the novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organization and notified disaster by the Government of India and on receipt of various representations from the stakeholders in relation to holding […]
