If offer for right shares is not accepted within period specified then hellip hellip ........

Principles of Accounting & Financial Management Bonus and Right issue

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If offer for right shares is not accepted within period specified then -…….

It shall be deemed to have been accepted

Company must keep shares in abeyance

It shall be deemed to have been declined

Can later be accepted by the share-holders

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Explanation:

Any unsubscribed shares from the subscription of the existing shareholders by way of Rights Offering (Unsubscribed Shares) will be re-allotted to the shareholders who wish to subscribe such Unsubscribed Shares in excess of their entitlement in proportion to their shareholding at the same offering price.