02-27-2006, 01:56 PM
When a company wants to increase its share capital,
it must offer right issue to its existing shareholders
according to proportion of their existing number of shares.
If existing members do not accept such offer then Directors
issue such shares in a manner as they think fit.
it must offer right issue to its existing shareholders
according to proportion of their existing number of shares.
If existing members do not accept such offer then Directors
issue such shares in a manner as they think fit.
