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    Question

    When the right to apply to right issues is not exercised by the shareholder but is transferred by him/her in favor of another person, it is referred to as _____

    A Transfer of Right Correct Answer Incorrect Answer
    B Renunciation of right Correct Answer Incorrect Answer
    C Rejection of right Correct Answer Incorrect Answer
    D Transmission of right Correct Answer Incorrect Answer
    E Non-exercise of Right Correct Answer Incorrect Answer

    Solution

    Renunciation of right meansan existing shareholder to whom offer was given for availing shares on rights issue basis, he can transfer his right in favor of any other person Discussed in live classes

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