True/False
The rights to new shares shares not taken up by existing shareholders can not be transferred to anybody else by those shareholders.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: A trust account must be used for
Q25: The constitution and replaceable rules of a
Q26: An issue of shares called a rights
Q27: Broadbeach Ltd was registered on 28 December
Q28: A regulated issue of shares can not
Q30: Oceana Ltd issued 1 000 000 ordinary
Q31: Share issue costs are an expense that
Q32: In a new regulated share issue (not
Q33: Under common law, a company<br>A)may forfeit shares
Q34: Irridium Ltd had a share capital