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Right shares renunciation

Accountancy

Can a person, in whose favour certain right shares are renounced by the existing shareholder, sell the right to someone?

Sibi Srinivasan

CA Final

★ 22K+

27-Mar-22 13:24

374

Answers (5)

Is it subject to the articles of a company or restricted by the companies act?

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

27-Mar-22 13:28

Yes. It can be traded.

CA Suraj Lakhotia

Admin

27-Mar-22 13:44

Ok sir thank you

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

27-Mar-22 14:26

Yes , of course. The person who bought the rights shares from existing shareholder has the right to sell his shares to someone else

Harish G

CA Inter

★ 2K+

27-Mar-22 15:10

Harish G

Yes , of course. The person who bought the rights shares from existing shareholder has the right to sell his shares to someone else

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

27-Mar-22 18:18