Question : Right shares are not offered to the existing equity shareholders if :
Option 1: The company in General Meeting has so decided by a special resolution
Option 2: It is decided by an Ordinary Resolution and the same has been approved by the Central Government
Option 3: Both option 1 and 2
Option 4: None of the above
Answer (1)
16th Jan, 2024
Correct Answer: Both option 1 and 2
Solution :
Right shares are not offered to the existing equity shareholders if the company in General Meeting has so decided by a special resolution or decided by an Ordinary Resolution and the same has been approved by the Central Government.
Hence the correct answer is option 3.
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