Issue shares to existing shareholders on pro-rata basis: letter of offer, allotment within 60 days
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Board approves rights issue including terms, pricing, and record date.
Send letter of offer to all existing shareholders. Minimum 15 days to accept.
Receive applications and share application money from accepting shareholders.
Board allots shares within 60 days of the offer.
File return of allotment within 15 days of allotment.
File resolution with ROC.
Issue share certificates within 2 months of allotment.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.