Rights Issue (S.62(1)(a))
Issue shares to existing shareholders on pro-rata basis: letter of offer, allotment within 60 days. Rights Issue (S.62(1)(a)) takes 7 steps over about 202 days and is filed with the ROC on PAS-3 and MGT-14.
Last updated: 10 August 2026
What if it’s filed late?
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.
What is the timeline for Rights Issue (S.62(1)(a))?
7 steps over about 202 days, filing PAS-3 and MGT-14 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Pass Board Resolution | None | within 7 days |
| 2 | Issue Letter of Offer | None | within 15 days |
| 3 | Collect Applications & Payment | None | within 15 days |
| 4 | Allot Shares | None | within 60 days |
| 5 | File PAS-3 with ROC | PAS-3 | within 15 days |
| 6 | File MGT-14 | MGT-14 | within 30 days |
| 7 | Issue Share Certificates | None | within 60 days |
What are the steps, in order?
The 7 steps below run in order; the day counts show how long each one allows.
Pass Board Resolution
Board approves rights issue including terms, pricing, and record date.
Issue Letter of Offer
Send letter of offer to all existing shareholders. Minimum 15 days to accept.
Collect Applications & Payment
Receive applications and share application money from accepting shareholders.
Allot Shares
Board allots shares within 60 days of the offer.
File PAS-3 with ROC
File return of allotment within 15 days of allotment.
File MGT-14
File resolution with ROC.
Issue Share Certificates
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.
Common questions
How long does Rights Issue (S.62(1)(a)) take?
About 202 days across 7 steps. The first step is: Pass Board Resolution.
Which MCA forms are filed for Rights Issue (S.62(1)(a))?
PAS-3 and MGT-14. PAS-3 is the return of allotment filing under §39 of the Companies Act 2013. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013.
What does it cost if PAS-3 and MGT-14 are filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Can OnCompliance run Rights Issue (S.62(1)(a)) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.