Discuss the post issue formalities to be completed by the company secretary for Rights Issue of equity shares for listing purpose.
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2019
Discuss the post issue formalities to be completed by the company secretary for Rights Issue of equity shares for listing purpose.
Answer & Explanation:
The Company has to finalise the basis of allotment, and submit the documents as under, within 10 days from closure of the issue: Bid data of Exchanges other than the designated stock exchange. All rejections application along with Summary statement (1 set photocopy to be submitted). Certified copies of all Bank final certificates (ASBA & NON ASBA). Minutes of Basis of allotment duly signed by all the Lead Manager, Registrar and the Company. Basis of allotment sheet for each category. Round summary in case of over subscription, in hard as well as soft format. Copy of post issue initial monitoring report filed with SEBI (3 day monitoring report). Undertaking from Lead Manager, Company and the Registrar. Pre Allotment shareholding and Post proposed Allotment Shareholding pattern as per Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The calculation of ex right price by the Statutory Auditor/ Practicing company secretary/Practicing Chartered Accountant, if not available in the offer document.
Topics: Listing Procedures
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