Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
As per Companies Act, 2013, the Company can raise money through three ways i.e public offer, private placement, right or bonus issue.
Private placement means the issue of shares to select group of investors, instead of inviting public at large.
As per the Companies Act, 2013, The Company shall keep the Monies received on the application in a spate account in a scheduled bank. The money so received can be utilized for the following purpose only:
Further, if the share is issued to a non-resident then the company shall comply with the provisions of FEMA.
Table of Contents
The Company has to maintain a complete record of Private placement in Form PAS-5.
As per the Companies Act, 2013:
However, Company raising foreign investment shall also comply with the provisions of FEMA:
The company who fails to allow within the time limit of 180 days from the receipt of the money, may make an application to RBI to grant relaxation on the clause of allotment.
On merits of the case, RBI may grant some relaxation for refund/allotment of shares for the amount of consideration outstanding beyond a period of 180 days from the date of receipt of consideration.
A return of allotment of shares shall be filed with the Registrar within 30 days of allotment in the Form PAS-3 and with the prescribed fees along with a complete list of all security holders containing-
However, in case of shares issued to non-resident shall in addition to above comply below provisions.
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
Are you human?: 7 + 2 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The Finance Minister, Mrs. Nirmala Sitharaman, with the announcement of the Union Budget on 01 February 2020, broug...
18 Aug, 2020
In the current online world, digital marketing is crucial. Regardless of the niche or company size, online marketin...
13 Jun, 2019
Chat on Whatsapp
Hey I'm Suman. Let's Talk!