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Corporate & Other Laws
Further issue to existing share holders minimum number of days for right issue of shares how much ?
Answers (9)
It's 7 days. Provision as per Sec 62 is not less than 15 days or such lesser number of days as prescribed* but not exceeding 30 days from the date of offer. *As per Rule 12A time period within which offer shall be made for acceptance shall be not less than seven days from date of offer. This was an amendment applicable from Dec 21 exams.
Sahibdeep Singh
It's 7 days. Provision as per Sec 62 is not less than 15 days or such lesser number of days as prescribed* but not exceeding 30 days from the date of offer. *As per Rule 12A time period within which offer shall be made for acceptance shall be not less than seven days from date of offer. This was an amendment applicable from Dec 21 exams.
In ICAI material (may 22 applicable material)15 days is there
Madhu Reddy
In ICAI material (may 22 applicable material)15 days is there
But they have also mentioned or number of days as prescribed. Here's the grab from the bare rules.
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