Corporate Rights: Can The Board Exercise Absolute Discretion In Disposing Of Unsubscribed Shares? By Anand Gupta TaxGuru

Corporate Rights: Can The Board Exercise Absolute Discretion In Disposing Of Unsubscribed Shares? Introduction A shareholder’s right to engage in an issue is regarded as a rights issue. Current shareholders have preemptive rights as a result of their status. The offer must be made to current shareholders on a proportionate basis to their stakes in this rights issue. The shareholders who are provided the opportunity to subscribe may or may […]

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