Question 38 of 71
Q.What things are included in the second part of the letter of Renunciation?
Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2025Subjective· 2mImportance★★★★★
54% · 38/71 Questions
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Start your 14-day free trial to unlock the full solution →The second part of the letter of renunciation is the renouncee's application, giving his details and his acceptance/request for the renounced rights shares.
When a company makes a rights issue, an existing shareholder who does not wish to subscribe may renounce (give up) his rights shares in favour of another person. This is done through a letter of renunciation, which has two parts:
- First part — filled by the original shareholder, renouncing/surrendering his right to the shares. …
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