Section (1)(c) read with Sec-42
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.
(Author – CS Divesh Goyal, ACS is a Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com) Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Though utmost efforts has made to provide authentic information, it is suggested that to have better understanding kindly cross-check the relevant sections, rules under the Companies Act, 2013. The observations of the author are personal view and the authors do not take responsibility of the same and this cannot be quoted before any authority without the written consent of the author
Regards,
CS Divesh Goyal
+91-8130757966
csdiveshgoyal@gmail.com__._,_.___
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