Rights Issue Workflow for CS Firms

1. Establish the company context

Reconcile the opening capital and member information before calculating the offer. Review the company context and proposed terms with the responsible professional.

2. Prepare a coherent working file

Keep calculation assumptions and document versions visible. Reconcile quantities and values before preparing circulation materials.

3. Separate proposals from completed decisions

Track actual responses and supporting payment information separately from suggested figures. An unanswered offer is not evidence of acceptance.

4. Reconcile the follow-up records

Prepare allotment materials from reviewed responses and approved decisions. Reconcile subsequent shareholding, certificate preparation and applicable filing work to the allotment record.

Illustrative example

For additional equity funding, prepare an opening shareholding schedule and proposed offer calculation. Track actual responses separately, then use confirmed allotment information for the shareholding and certificate working records.

Working-file checklist

• Opening capital reconciliation
• Offer calculation working file
• Response and receipt tracker
• Allotment and related-record checklist

Record a document reference, responsible person and completion status for each item. Generated text and a saved checkbox do not themselves establish that the underlying approval, execution or filing has occurred.

References and professional review

This is a workflow preparation guide. Check current amendments, rules, exemptions, forms and applicable Secretarial Standards for the company before finalising a matter. Reference publications may not include every subsequent amendment.

• MCA: Companies Act, 2013 reference text
• ICSI: publications and Secretarial Standards resources