Alerts & Updates 16th Feb 2021
To enable companies to close the rights offer in a shorter period and to expedite this process, Section 62(1)(a) of the Companies Act, 2013, was amended vide the Companies (Amendment) Act, 2020, to provide for a shorter timeline for the rights offer. In furtherance of the same, shorter period of 7 days has been notified as compared to earlier 15 days.
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