AdvertisementSummary: A rights issue under Section 62 of the Companies Act, 2013 allows companies to raise additional capital by offering new shares to existing shareholders. Rights Issue: Standard Timelines & 90% Fast-Track ExemptionA rights issue allows a company to raise additional capital by offering new shares to its existing equity holders in proportion to their current holdings. Standard Statutory Timelines: The Offer WindowMinimum Offer Period (7 Days): Section 62(1)(a)(i) of the Act originally required that shareholders be given at least 15 days to consider a rights offer. In summary, under the standard rules the rights issue timeline looks like this:Board meeting and approval of rights issue terms. In conclusion, the Companies Act provides a safe, statutory shortcut for private companies to expedite rights issues.