Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Can I reject a rights issue offered by a company I am part of?

Yes, you can opt for 'No action'.

There are 4 choices shareholder can make when rights issue are being offered:

1. Fully subscribe
2. Partially subscribe
3. Sell rights share to 3rd party.
4. No action.

Rights issue secretarial compliance which is carried out to allocate shares to existing shareholders.&nb...


View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started