RIGHT ISSUANCE ABC is a public limited company, listed on Karachi - TopicsExpress

RIGHT ISSUANCE ABC is a public limited company, listed on Karachi Stock Exchange engaged in petroleum exploration business. The Board of Directors has decided to increase the share capital of the company by issuing right shares to its existing shareholders. In the light of the provisions of the Companies (Issue of Capital) Rules, 1996 describe the procedural steps involved in the issuance of right shares As per provisions contained in the Companies (Issue of Capital) Rules, 1996 answer the following: Required: (a) List down any five items which are not included in computation of “free reserves.

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