Table for Right Issue of Shares under Companies Act 2013:
| S. NO. | PARTICULARS | |
| 1. | Select the Cutoff Date – To identify Shareholders to whom offer will be given. | |
| 2. | Prepare the Draft offer letter. | No prescribed Format |
| 3. | Call Board Meeting.
Issue notice of meeting at least 7 days notice |
Section-173(3) &
SS-1 |
| 4. | Hold the Board Meeting | |
| 5. | Ensure about quorum of Meeting | Section-174(1) SS-1 |
| 6. | Present list of Shareholders to whom offer will be given | |
| 7. | Pass the Board Resolution for issue of Letter of Offer shares. File e-form MGT-14 | within 30 days of passing of resolution |
| 8. | Issue letter of offer
(offer will be open for Minimum 15 Days and Maximum 30 Days) |
Through Registered Post, Speed Post and Through Email. |
| 9. | Once company received money from all the Allottees.
Allot Shares within 60 days of receipt of application money. |
Definition of deposit. |
| 10. | Call Board Meeting | Section-173(3) |
| 11. | Prepare List of Allottees | As per Schedule- B of PAS-3 |
| 12. | Pass Resolution for allotment of Securities | |
| 13. | File PAS-3 with registrar.
Attachment List of Allottes. Board Resolution for allotment of Shares. |
Within 30 days of Allotment of shares |
| 14. | Issue Share Certificates. Within 2 month of allotment of shares | SH-1 |
[Author– CS Divesh Goyal is a Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com or 08130757966 ]
