[By Rudra Shandilya and Disha Chaturvedi] The authors are students at Damodaram Sanjivayya National Law University, Visakhapatnam Introduction Perceived by the common law from the nineteenth century, pre-emptive rights are allowed to the current shareholders in an entity, in proportion to their existing holdings, so that they could take part in the fresh proposal of new shares by the entity. This right is codified/arranged by the Companies Act, 2013, and the term used for issuance of such shares is…