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Announcement regarding MCA has issued Clarification on dispatch of notice by Listed entities for rights issue opening under section 62(2) of Companies Act, 2013 up to 31st July, 2020 by CL&CGC ICAI
May, 18th 2020

Announcement


MCA has issued Clarification on dispatch of notice by Listed entities for rightsissue opening under section 62(2) of Companies Act, 2013 up to 31st July, 2020


Section 62 of the Companies Act, 2013 (the Act) prescribes law for ‘Further Issue of Share Capital’. Sub-section (2) of the said section provides that the notice referred to in Section 62(1)(a)(i) shall be despatched through registered post or speed post or through electronic
mode to all the existing shareholders at least three days before the opening of the issue.

For more information

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