Draft Letter of offer for Right Issue Regd. Office: _________________________________________ To, Issue of 200000 equity shares of Rs. 100 each at par aggregating Rs. 200 Lacs to the equity shares holders on right basis in the ratio of _____ equity shares for every _____ equity shares held on ___________ 2014, pursuant to the Board resolution passed in its meeting held on ______________2014 Dear Share holder You are hereby informed that the Board of Directors has decided to increase the subscribed and paid up capital of the Company by issue of _____________ equity shares of Rs. 100 each by right offer to equity share holders as on ___________ 2014 on proportionate basis and conditions as laid down, inter alia hereunder, in application form and in Board resolution. As a share holder on the afore mentioned date, being fixed as offer date, we are pleased to inform you that you are entitled to for the “rights shares offer” in reference to details as mentioned in the enclosed application form. By order of the Board For ____________Ltd. Director Date: __________2014 Place: Kolkata Instructions / Terms 1. Shares will be issued only in physical form. 2. You may accept the offer and apply for the Equity shares offered, either in full or in part by filling accordingly the application form. 3. You may also renounce all or any of the equity shares; you are entitled to in favour of any person. Any renunciation from Resident to Non resident or vice versa is subject to the requisite permission and the said permission must be attached to the application. 4. You are also eligible to apply for additional equity shares over and above the number of equity shares offered to you provided you have applied for all the shares offered to you without renouncing them in full or in part. However, application for additional shares is subject to sole discretion of Board. Additional equity shares cannot be renounced in favour any person. 5. Application should be made on the printed form provide by the company. 6. Full amount i.e. Rs. 100/- is payable with application. 7. All account payee local cheques / draft accompanying the application should be drawn in favour of “________________”. 8. Application for accepting the offer/renouncement shall reach at the registered office address of the Company on or before ____________, 2014. 9. In case your application form completed in all respect is not received on or before ___________________, 2014, your right for applying/renounce the equity shares shall be deemed to be waived and the Board will have absolute power to dispose off such shares in its sole discretion in the best interest of the Company. 10. Application for total value of Rs. ___________/- or more, applicants’ income tax PAN details and photocopy must be provided along with application. Applicant(s) who do not have PAN are required to provide a declaration in Form 60/61 prescribed under the I.T. Act along with application. Application without this will be considered incomplete and are liable to be rejected. 11. In case of application under power of attorney or by a body corporate or by a society, a certified true copy of the relevant power of attorney or resolutions or authority to the signatory to make the investment under this offer and to sign the application and a copy of the Memorandum and Articles of Association or bye laws of such body corporate or society should be accompanies by application. 12. The form must be filled in English and in block capital as applicable/appropriate and delete whichever is not applicable. 13. The form found incomplete with regard to any of the particulates required to be given therein and/or which are not compete in conformity with the terms of offer letter are liable to be rejected and money paid in respect thereof will be refunded without interest. 14. The Board reserves its full, unqualified and absolute right to accept or reject any application, in whole or in part, and in either case without assigning any reason thereto. 15. The offer shall be valid for …………….. days (a period limiting a time not being less than fifteen days and not exceeding thirty days) from the date of the offer within which the offer, if not accepted, shall be deemed to have been declined. LETTER HEAD OF CO ______________________ Regd. Office: _________________________________________ Application form Last date for receipt of application: ____________, 2014 Issue of 200000 equity shares of Rs. 100 each at par aggregating Rs. 200 Lacs to the equity shares holders on right basis in the ratio of ______equity shares for every _____ equity shares held on ______________, 2014 Date: _____________ To, The Board of Directors, _______________ Limited, Kolkata. Dear Sir, Ref.: Notice / offer letter dated____,2014, regarding the decision of Board of Directors in its meeting held on ____,2014 to increase the capital by issue of 200000 equity shares of Rs. 100 each by right offer to share holders as on book closure date ____,2014. 1. I/we hereby accept and apply for allotment of the below mentioned Equity shares in response to the letter of offer dated ____,2014 offering the Equity shares to me/us on right basis. 2. I/we also apply for below mentioned additional equity shares and agree to accept these shares as may be decided by the Board of Directors. 3. I/we agree to accept the “Equity Shares” allotted to me/us and to hold such shares upon the terms and conditions as laid down by the Board of Directors and subject to the provisions of the Companies Act, 2013, Memorandum & Articles of Association of the Company, and all the applicable laws, rules, and guidelines. 4. I/we authorize you to place my/our name(s) on the register of members. 1 Name of the Share holder(s): 2 Number of equity shares held : 3 Number of right share entitled : 4 Number of additional shares applied for : 5 Total Number of Shares applied for : 6 Amount payable with application by a/c payee cheque / DD in favor of the company : Rs. 100 per shares applied for 7 Payment/local cheque/DD details : _________________ ___________________ __________________ Sole/first applicant Second joint applicant Third joint applicant Signature(s) as per specimen recorded with the Company ______________________ Regd. Office: _________________________________________ Form of renunciation Date: ______________ To, Board of Directors, _______________________Limited. Dear Sir, Pursuant to the Notice / offer letter dated ___2014 , I/We hereby renounce my/our rights to the _______ Equity Shares in favour of person(s) accepting the same and signing the application form for renouncee(s). I/We have not made any application to the Company for allotment of these equity shares in my/our name(s). _________________ ___________________ __________________ Sole/first applicant Second joint applicant Third joint applicant Signature(s) as per specimen recorded with the Company Application by renouncee(s) {to be filled in by renouncee(s) only} Date:_____________ To, Board of Directors, ______________Limited. 1. In terms of letter of offer dated ___2014 and pursuant to the form of renunciation signed by the above mentioned shareholder(s), I/We apply for allotment of below mentioned equity shares. 2. I/we also apply for below mentioned additional equity shares and agree to accept these shares as may be decided by the Board of Directors. 3. I/we agree to accept the “Equity Shares” allotted to me/us and to hold such shares upon the terms and conditions as laid down by the Board of Directors and subject to the provisions of the Companies Act, 2013, Memorandum & Articles of Association of the Company, and all the applicable laws, rules, and guidelines. 4. I/we authorize you to place my/our name(s) on the register of members. 1 Name and address of the renouncee(s) 2 If you are existing share holder, please mention folio no. 3 Number of equity shares accepted 4 Number of additional equity shares applied by renouncee 5 Total Number of Shares applied for by renouncee 6 Amount payable with application Rs. 100 per shares applied for. 7 Payment/cheque/DD details Signature of renouncee(s) Full name Signature Address of the fist/sole applicant Sole/first applicant Second joint applicant Third joint applicant
Posted on: Sun, 20 Jul 2014 17:28:11 +0000