what rights issue do the shareholders of a company
Under Companies Act, 1956 what ‘rights issue’ do the shareholders of a company have?
Expert
The rights and duties of shareholders are stated from time-to-time of issue of shares. The rights of shareholders are fixed that cannot be changed unless the Companies Act gets tailored. Right issue that shareholders grasp of a company under Companies Act, 1956 are illustrated below:- i) Rights appended to shares of any class can be varied by the consent of shareholders holding not less than seventy% of issued shares. ii) Rights of Dissenting Shareholders: Protection by Companies Act is prearranged to the shareholders who does not consent to or vote for disparity of their rights. If there is any discrepancy in any rights of any class of shareholders then holders of not less than ten percent of shares of that class can apply to the court to have the disparity cancelled. It won't have any influence until it is been permitted by the court. iii) Voting rights of the members: - Every member of public company that has the shares holding equity has votes in percentages to his share in paid up equity capital. iv) Preference shareholders do not have any voting rights. They can vote only on subjects that are directly related to the rights appended to preference share capital.
Write down the number of day is public issues of shares kept open?
What are the qualities that would make you a good accountant?
Describe briefly the term Cost Volume-Profit relationship?
What do you understand by the term discounted payback period?
Give brief introduction of Bedaux Point System of premium payment?
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Give brief introduction of Emerson's Efficiency Bonus System of premium payment?
Briefly describe renewal method to calculate depreciation?
Give a brief introduction of the term ‘Weighted Average Method’?
Give a brief introduction of the term Fixation of inventory levels?
18,76,764
1940635 Asked
3,689
Active Tutors
1446889
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!