End to end procedure for share allotment through private placement

as per companies act 2013

Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

Section (1)(c) read with Sec-42 of Companies Act 2013

1. Check Provision in Article regarding Private Placement

2. Call Board Meeting:
• To Prepare Offer Letter
• Make Proposal for Private Placement
• Prepare list of persons to whom option will be given
• Call EGM

3. Call EGM:
• Pass SR- will be valid for 12 month
• If not completed PP in 12 Month pass another SR
• Approve Draft Offer Letter by SR

4. File MGT-14 with ROC
Attachments:
– Notice of EGM
– CTC of SR
– Minutes

5. Issue offer letter in PAS-4 within 30 days of record of name of persons:
• Application form serially numbered
• Address to the persons to whom the offer is made

6. Prepare complete record of Private Placement in PAS-5

7. File PAS-4 + PAS-5 with ROC within 30 days of issue of offer letter in GNL-2

8. Make Allotment of shares within 60 days of receipt of Money from the persons to whom right was given.

9. Called BM for allotment of shares

10. File PAS-3 with Roc within 30 days if Allotment.
Attachments:
– List of Allottees
– BR for allotment of share

11. File Form MGT-14 along with Resolution pass in Board meeting for allotment of shares.

12. Issue Share Certificates.

Answered on 28 Sep 2018


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