top of page
Search

Preemptive Right

Updated: Mar 25

What is a Pre-Emptive Right?


#CA2016 #Constitution


Section 85 of the Companies Act 2016 provides that subject to constitution of the company, shareholders have pre-emptive rights to new shares.


Therefore, unless the constitution of the company provides otherwise, or the current shareholders waive their pre-emptive rights, the investor would not be able to subscribe to new shares.


If you are investor looking into investing... Consult your Accountant or us, as the constitution of the company might not be friendly to you.


Invest in RCPS ?

Read more here https://www.cnpsgroup.net/post/rcps-devil-in-the-details


13 views0 comments

Recent Posts

See All

Re-Branding ourselves as Your Compliance Friendly Officer. Of course, we professionally trained chartered accountant, had exposures in corporate world, we can be your Chief Financial Officer as well.

New tax from 2024 Background: Announced in Budget 2024 Timeline Effective 1st March 2024 Who is Chargeable Person (i.e. to pay CGT)? Company (including Sdn. Bhd. and Limited Liability Partnership) CGT

bottom of page