Monday, March 9, 2020

Renouncement of right in favour of more than 50 persons didn't amount to conversion of rights issue to public issue

COMPANY LAW : Where company allotted shares on right basis to its existing shareholders, merely because many of them renounced their entitlement in favour of more than 50 third parties, it could not be said that right issue was converted into public issue

from www.taxmann.com Latest Case Laws https://ift.tt/39BTvvQ
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