CAIRR Update August 04, 2020

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CAIRR Update August 04, 2020

August 04, 2020
Summary of the Circular issued by MCA on 03/08/2020
Extension of Relaxation with respect to Dispatch of Notice towards Rights Issue under Companies Act, 2013 by Listed Entities for Rights Issue opening upto 31/12/2020
MCA has extended the relaxation granted for the Listed Companies raising funds via Rights Issue vide its earlier circular dated 11/05/2020 to 31/12/2020 (as against the earlier timeline of 31/07/2020) which waived off the requirement for the listed entities to dispatch notices through postal or courier service under Section 62(1)(a)(i) of the Companies Act, 2013.
This circular is integrated in our free-to-use website for your ready reference.
By | 2020-08-04T13:20:13+00:00 August 4th, 2020||0 Comments

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