Ministry of Companies Affairs clarify vide General Circular No. 21/2020 dated 11th May 2020 mode of issue of notice referred to in section 62(1)(a)(i) of Companies Act (the ‘Act) read with section 62(2) of the Act for rights issue by listed companies.
Circular stated that if any listed company unable to to dispatch the notice referred above to their shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of the Act.
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Practicing Company Secretary, M.Com and Commerce Graduate and founder at Shaffy Mehta & Co. She is having an overall 4 years experience of Company Law and other Corporate Laws.