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Private placement

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Private placement

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The companies act states that preferential allotment shall also be treated as private placement and will have to comply with the r Read More
The companies act states that preferential allotment shall also be treated as private placement and will have to comply with the requirements of private placements like issue of letter of offer, valuation by registered valuer etc. In case of preferential allotment of shares or other convertible securities to the promoters, should the company issue letter of offer and comply with the other requirements like valuation. With regard to the special resolution to be passed, can the company pass a single resolution with an upper limit so that the resolution can be used for all allotments to be made during the next 12 months. I understand that the special resolution should be acted upon within 12 months. Can a price band be fixed with power to the board to determine the price. In case of price band, how would the post issue shareholding pattern be made. Only when the exact price of share is known, can the number of shares to be alloted be determined. Please advice.

Views (2006)
Posted By: Arun kumar 10 year(s) ago

Answer

Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c Read More
Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c 62

Views (1240)
Posted By: Nitin 10 year(s) ago

Answer

If a company wish to allot shares by private placement to NRI/PIO then what requirement are to be complied with.Do we need to file Read More
If a company wish to allot shares by private placement to NRI/PIO then what requirement are to be complied with.Do we need to file any for with RBI also even when the money is received from their NRO account.

Views (2374)
Posted By: Anita 10 year(s) ago

Answer

SIR, A PRIVATE COMPANY RECD FUND ON 05-06-2014 FROM NRI FOR THE ALLOTMENT OF SHARES (SHARE APPLICATION MONEY BUT THE COMPANY HAS Read More
SIR, A PRIVATE COMPANY RECD FUND ON 05-06-2014 FROM NRI FOR THE ALLOTMENT OF SHARES (SHARE APPLICATION MONEY BUT THE COMPANY HAS NOT COMPLIED WITH ANY PROVISIONS OF COMPANY LAW 2014 FOR ALLOTMENT OF SHARES CAN ITT BE COMPLIED BY PAYING ADDITIONAL FEES TO ROC ON ALL THE FORM LIKE MGT-14 PAS -3 ETC

Views (1246)
Posted By: Reena 10 year(s) ago

Answer

What is the difference between allotment under private placement and prefrential allotment? Can allotment of public limited compan Read More
What is the difference between allotment under private placement and prefrential allotment? Can allotment of public limited company can be done under private placement? please clarify.

Views (1808)
Posted By: Vishal arora 10 year(s) ago

Answer

a private company has unsecured loan of Rs.3cr. recd from its Directors and members at 31.03.14.Now how should we tackle this in t Read More
a private company has unsecured loan of Rs.3cr. recd from its Directors and members at 31.03.14.Now how should we tackle this in terms of new act. Can we allot shares against this money, if yes how we will follow the procedure prescribed for private placement which says receipt of money must be through cheques and how we will issue offer letter etc.

Views (1522)
Posted By: Anita 10 year(s) ago

Answer

If allotment of Shares done at par then mandatory to obtain report of registered valuer in respect of valuation of the considerati Read More
If allotment of Shares done at par then mandatory to obtain report of registered valuer in respect of valuation of the consideration for preferential allotment.

Views (1360)
Posted By: Cs anuj solanki 9 year(s) ago

Answer

whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. plea Read More
whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. please advise.

Views (1411)
Posted By: Ravinder 9 year(s) ago

Answer

If a partnership firm intends to invest in equity shares then what is the procedure. Read More
If a partnership firm intends to invest in equity shares then what is the procedure.

Views (1438)
Posted By: Ravinder 9 year(s) ago

Answer

A listed Company issued Non convertible debentures through private placement in the month of October 2014 and partially redeemed t Read More
A listed Company issued Non convertible debentures through private placement in the month of October 2014 and partially redeemed the debentures on March 31, 2015. Is there any requirement to mention about the issue and redemption of debentures in the Board Report of the FY 2014-15?

Views (1340)
Posted By: Prerna kapoor 9 year(s) ago

Answer

Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify Read More
Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify ...

Views (1606)
Posted By: Lakshminarayana n 9 year(s) ago

Answer

can compulsory convertible preference shares be given dividend at par with equity shareholders? Read More
can compulsory convertible preference shares be given dividend at par with equity shareholders?

Views (1305)
Posted By: Nirupama v 9 year(s) ago

Answer

Do we need to file MGT-14for the board meeting in which we are allotting the shares ?..although we are filing the MGT-14 for EGM i Read More
Do we need to file MGT-14for the board meeting in which we are allotting the shares ?..although we are filing the MGT-14 for EGM in which we are approving the draft offer letter...

Views (1757)
Posted By: Alok 9 year(s) ago

Answer

can a private company converts its Convertible Preference shares into equity shares with in a period of one year of Allotment of C Read More
can a private company converts its Convertible Preference shares into equity shares with in a period of one year of Allotment of Convertible preference shares. is there any lock in period for preferential allotment of convertible preference shares

Views (1519)
Posted By: Ujjwal 9 year(s) ago

Answer

Under New Act, within how many days the Company is required to issue share certificates for allotment done. Read More
Under New Act, within how many days the Company is required to issue share certificates for allotment done.

Views (1665)
Posted By: Prerna 9 year(s) ago

Answer

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Views (1359)
Posted By: Ravinder 9 year(s) ago

Answer

PAS-6 is not release for private placement offer . please explain Read More
PAS-6 is not release for private placement offer . please explain

Views (1396)
Posted By: Sapna tomar 9 year(s) ago

Answer

In case of private placement made to convert unsecured loan from a Company into shareholders by issue of equity shares at book val Read More
In case of private placement made to convert unsecured loan from a Company into shareholders by issue of equity shares at book value as per the valuation report from a practicing CA for more than 10 years, is it a sufficient compliance in regard to valuation of shares

Views (1715)
Posted By: Ramesh 10 year(s) ago

Answer

is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Read More
is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Plz advice

Views (1468)
Posted By: Ravi 9 year(s) ago

Answer

Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable pre Read More
Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable preference capital at par?

Views (1295)
Posted By: K gopalan 9 year(s) ago

Answer

Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly Read More
Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly guide

Views (15040)
Posted By: Ravi 9 year(s) ago

Answer

We are issuing shares to a person in exchange providing advisory services to the co. t. It gets covered under 62(1)(c) preferentia Read More
We are issuing shares to a person in exchange providing advisory services to the co. t. It gets covered under 62(1)(c) preferential allotment for consideration other than cash. Act says also follow sec 42 i.e. pvt. placement which talks about that the amount for issue of shares should come by way of cheque in a separate bank account. But there is no money coming. Only in exchange of services, we are giving shares. How to comply with Section 42?

Views (1356)
Posted By: Revathy` 9 year(s) ago

Answer

Dear friends, I am filing GNL-2 for PAS-4 in respect of Private Placement made in January 2014, but the fee is coming as Rs.600 on Read More
Dear friends, I am filing GNL-2 for PAS-4 in respect of Private Placement made in January 2014, but the fee is coming as Rs.600 only. No late fees is being charged. Has anyone come across this situation; pls advise.

Views (1436)
Posted By: Vithal kumar pingali 9 year(s) ago

Answer

1. A COMPANY RECD SHARE APPLICATION MONEY BEFORE 31.03.2014 AND WANT TO ALLOT IT ON 26.05.2014 WHAT ARE THE FORMALITIES FOR ROC CO Read More
1. A COMPANY RECD SHARE APPLICATION MONEY BEFORE 31.03.2014 AND WANT TO ALLOT IT ON 26.05.2014 WHAT ARE THE FORMALITIES FOR ROC COMPLIANCE 2. AND IF IT IS BEFORE 2014 FOR EXAMPLE SHARE APPLICATION MONEY RECD AND ALLOTMENT IN MARCH 2014

Views (1871)
Posted By: Reena 10 year(s) ago

Answer

A Closely held Private Limited Company wants to raise equity capital from another company (not a subsidiary/ holding/ associate co Read More
A Closely held Private Limited Company wants to raise equity capital from another company (not a subsidiary/ holding/ associate company) through private placement at Par i.e. Rs.10/- per share. The Book Value/Fair Market Value arrived at following the Valuation Procedure comes to Rs.35/- per share. Can the company issue shares at Rs.10/- per share. Is it permitted under the Companies Act, 2013?

Views (1963)
Posted By: Piyush 9 year(s) ago

Answer

Under private placement route, can shares be issued at a price different- high or low, than valuation report Read More
Under private placement route, can shares be issued at a price different- high or low, than valuation report

Views (1665)
Posted By: Kejal shah 10 year(s) ago

Answer

Hi, A Pvt. Ltd co has authorized capital of 10 lacs and issued capital of 9.65 lacs. how by means of private placement it has made Read More
Hi, A Pvt. Ltd co has authorized capital of 10 lacs and issued capital of 9.65 lacs. how by means of private placement it has made an offer of 0.20 lacs. does the co need to file MGT - 14 before allotment of shares (in PAS- 3) by way of private placement. After allotment can the Pvt ltd Co take loan of 10 lacs from the new member if the co has taken a Term loan from a nationalized bank which has said that margin of 40% is to be brought in by promoters before disbursement of full loan amount.

Views (2013)
Posted By: P banerjee 9 year(s) ago

Answer

PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement Read More
PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement

Views (1454)
Posted By: Dhananjay 9 year(s) ago

Answer

Dear Sir, Rule 14(1)(b) of Companies (prospectus of securities) Rules, 2014 with regard to private placement states that pvt. plac Read More
Dear Sir, Rule 14(1)(b) of Companies (prospectus of securities) Rules, 2014 with regard to private placement states that pvt. placement offer letter accompanied by application form shall be sent " EITHER IN WRITING OR IN E-MODE". What does the word "IN WRITING" state? , does it include delivery of offer letter"BY HAND"?

Views (1665)
Posted By: Vishal arora 10 year(s) ago

Answer

A private company having an authorised capital of Rs. 2 Crores wish to takeover the business of a partnership firm. In that firm b Read More
A private company having an authorised capital of Rs. 2 Crores wish to takeover the business of a partnership firm. In that firm both the partners hv contributed 75 lacs each as their capital contribution. i.e Rs.1.50 Cr.The company proposes to issue equity shares to both the partners at par i.e issue of 1500000 shares of Rs.10/- each. As the company is not getting hard cash at the time of allotment,this shares will be issued for consideration other than cash. My query is about what option is to be selected for point no 4 (iv) of the form PAS 3, consideration received is (a)- assets and property acquired or (b)- Goodwill or (d)-Conversion of loan or (e) any other and write against capital contributed in firm.Further how this allotment will take place. Are we require to follow the whole private placement procedure.

Views (1299)
Posted By: Anita 9 year(s) ago

Answer

But Akansha,But in this case how we can issue offer letter and comply with the other provisions of private placement.We are issuin Read More
But Akansha,But in this case how we can issue offer letter and comply with the other provisions of private placement.We are issuing shares as a payment of the business acquired by the company.It has been mutually agreed by both the parties in advance. Further in private placement provisions there is no mention of issue of shares for consideration other thn cash.Only in section 62 a breif mention of this is given

Views (1289)
Posted By: Anita 9 year(s) ago

Answer

Thanks Akansha, but how will we comply with the procedure of sec 42. One of the condition of section 42 is that consideration must Read More
Thanks Akansha, but how will we comply with the procedure of sec 42. One of the condition of section 42 is that consideration must be in cash paid through cheque (bank) and the amount should not be less than 20000/-. In our case there is no cash and the consideration has been received at the time of takeover of the business and the shares are being issued at par as agreed between the parties. Now what will we do about Valuation?

Views (1285)
Posted By: Anita 9 year(s) ago

Answer

An unlised public limited company wants to raise funds by issue of non-convertible redeemable preference shares at a premium. Whe Read More
An unlised public limited company wants to raise funds by issue of non-convertible redeemable preference shares at a premium. Whether redeemable preference shares can be issued at a premium under the companies Act, 2013 ?

Views (1662)
Posted By: Comsec 10 year(s) ago

Answer

Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Eq Read More
Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Equity Share.

Views (1553)
Posted By: Haryana 9 year(s) ago

Answer

WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT Read More
WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT

Views (1238)
Posted By: Reena 10 year(s) ago

Answer

SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc Read More
SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc

Views (1568)
Posted By: Reena 10 year(s) ago

Answer

Rule 14(2) (a) of Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that A company shall not make a privat Read More
Rule 14(2) (a) of Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that A company shall not make a private placement of its securities unless the proposed offer of securities or invitation to subscribe securities has been previously approved by the shareholders of the company, by a Special Resolution, for each of the Offers or Invitations:Provided that in the explanatory statement annexed to the notice for the general meeting the basis or justification for the price (including premium, if any) at which the offer or invitation is being made shall be disclosedProvided further that in case of offer or invitation for non-convertible debentures, it shall be sufficient if the company passes a previous special resolution only once in a year for all the offers or invitation for such debentures during the year.In the Companies Act 2013 YEAR has not been defined. Further section 2 (95) provides that words and expressions used and not defined in this Act but defined in the Securities Contracts (Regulation) Act, 1956 or the Securities and Exchange Board of India Act, 1992 or the Depositories Act, 1996 shall have the meanings respectively assigned to them in those Acts.The word YEAR has also not been defined in the Securities Contracts (Regulation) Act, 1956 or the Securities and Exchange Board of India Act, 1992 or the Depositories Act, 1996.Considering the above, views are sought if the approval of shareholders under the second proviso to Rule 14(2) (a) of Companies (Prospectus and Allotment of Securities) Rules, 2014 needs to be taken on Financial year (defined in Companies Act 2013) basis or the said approval of shareholders can be taken on AGM to AGM basis or on calendar year basis.:

Views (1135)
Posted By: Manohar balwani 10 year(s) ago

Answer

In continuation to my earlier question do we require to file two Form GNL-2 as the form accept only one document (PAS-4 orPAS-5)at Read More
In continuation to my earlier question do we require to file two Form GNL-2 as the form accept only one document (PAS-4 orPAS-5)at a time or it is sufficient to file PAS-5 with PAS-3 form after allotment.

Views (1051)
Posted By: Anita 10 year(s) ago

Answer

One company has pass special resolution u/s. 42 read with 62 with relevant rules under provisions of Co. Act, 2013 for offer, issu Read More
One company has pass special resolution u/s. 42 read with 62 with relevant rules under provisions of Co. Act, 2013 for offer, issue of and allotment of Shares of Rs. 5 Crores to 120 persons in one or more tranches and as per the provisions of act and rules the validity of resolution is 12 months from the date of passing of resolution. The Board of Directors have approved Letter of offer in Form PAS4 and send the same first to 42 persons out of 120 persons ? We want following clarifications : 01. What is validity of Private Placement offer Letter in Form PAS4. ? 30 days or 12 months. 02. The company send offer letter to first 42 persons and made allotment and then we want to send offer letter to another 45 person out of 120 person, should the company need to prepare and approved offer letter in Form PAS -4 again and again until the completion of allotment for the total shares for which special resolution passed ? 03. Whether company need to maintain record in Form PAS 5 again and again when the company send Offer to total 120 persons until completion of allotment of total shares under special resolution passed ?

Views (1484)
Posted By: Vasant patel 10 year(s) ago

Answer

1. Allotment of shares in April 2014 to be done as per the Shareholders Agreement entered prior to 31st March 2014 - Will it requi Read More
1. Allotment of shares in April 2014 to be done as per the Shareholders Agreement entered prior to 31st March 2014 - Will it require to follow private placement guidelines. 2. Form 2 is pending for filing as on 31st March 2014 - Will it accept board resolution without letter of offer; etc if filed in May 2014

Views (1492)
Posted By: Chirag shah 10 year(s) ago

Answer

A Company has passed a resolution for issue of debentures and the draft letter of offer has also been approved by the Board which Read More
A Company has passed a resolution for issue of debentures and the draft letter of offer has also been approved by the Board which would be taken to the shareholders for their approval. Can the company also at the same Board meeting authorise the Chairman or Company Secretary to issue the offer letter for the preferential issue once the same is approved by the shareholders or should the company again hold a board meeting after the General meeting to approve the issue of the offer letter.

Views (1300)
Posted By: Arun kumar 10 year(s) ago

Answer

THis is in connection with issue and allotment of shares to a foreign parent co under new Act. FEMA requires shares to be issued a Read More
THis is in connection with issue and allotment of shares to a foreign parent co under new Act. FEMA requires shares to be issued at fair value certified by auditors. Also, Section 62 of the new Act requires that issue of shares should be at value determined by the registered valuer. In one case, the value of share is around Rs. 1.2 whereas the face value is Rs. 10. Section 53 of the Act prohibits issue of shares at discount. We are confused. If the issue is in accordance with Section 62, i e at Rs. 1.2, there will be a violation of section 53. Is there any conceptual misunderstanding By Hina Sadrani, Self Employed

Views (1892)
Posted By: Vivek vijay 11 year(s) ago

Answer

For Private placement by Pvt Ltd company Does section 42 , rule their under, Sec 62 rules there under applies and if so Rule 14 (c Read More
For Private placement by Pvt Ltd company Does section 42 , rule their under, Sec 62 rules there under applies and if so Rule 14 (c) of the Companies (Prospectus and Allotment of Securities) Rules, 2014 requires private placement requires minimum investment size Rs. 20,000 what is the intention and requirement, does it means now from 01.4.2014 u can not have a shareholder in private limited company less than Rs. 20,000, please give ur expert comment.

Views (1298)
Posted By: Cs ram thakkar 10 year(s) ago

Answer

what is the difference between private placement and preferential allotment for a private limited company. I a private company wis Read More
what is the difference between private placement and preferential allotment for a private limited company. I a private company wish to raise some capital by issuing new shares to some of the freinds and family members of the directors/promoters which section will be applicable sec 42 or 62. Further we treat this as a private placement thn will the valuation of shares is required by the registered valuer which is a requirement of sec 62. further who r these registered valuer as on today.

Views (1353)
Posted By: Anita 10 year(s) ago

Answer

As per Section 23 (2) for private limited company private placement it need to complied with part II i.e 42 further also need to Read More
As per Section 23 (2) for private limited company private placement it need to complied with part II i.e 42 further also need to complied with section 62, thus is it necessary to company to file PAS-4 as per rules and complied please give expert advice.

Views (1590)
Posted By: Cs ram thakkar 10 year(s) ago

Answer

Company wants to offer Right shares to its existing shareholders. Out of all shareholders one shareholder is having partly paid up Read More
Company wants to offer Right shares to its existing shareholders. Out of all shareholders one shareholder is having partly paid up shares. Can company issue the shares to the same shareholder.?

Views (1120)
Posted By: Jainam shah 7 year(s) ago

Answer

If a company hold an EOGM to approve the offer of shares u/s 42 & 62 and file MGT-14 within 30 days and then call board meeting ne Read More
If a company hold an EOGM to approve the offer of shares u/s 42 & 62 and file MGT-14 within 30 days and then call board meeting next month and issue offer letter, F-GNL-2 with PAS-4 is to be filed within 30 days of this board meeting but Form GNL-2 asks for the EOGM date only. How should we file PAS-4 issued in the board meeting held after EOGM? I we enter the details of MGT-14 and date of EOGM in point 5 of the form then point 8 automatically filled up with the same date. But in fact the two dates are different. The PAS 4 is issued in the Board meeting after one month of the EOGM and if we file the form with EOGM date it will be late obviously and otherwise also it is not correct. PAS4 is to be filed within 30 days of its issue date.Can anybody help if they hv filed this form? itis urgent.

Views (1104)
Posted By: Anita 10 year(s) ago

Answer

A newly incorporated private limited company wants to issue equity shares at par i.e Rs.10.00 per share. How will the valuation of Read More
A newly incorporated private limited company wants to issue equity shares at par i.e Rs.10.00 per share. How will the valuation of shares be done? Are there any valuation rules or any precise format of Valuation Report?

Views (1031)
Posted By: Piyush 10 year(s) ago

Answer

If a company allot some shares to a PIO and he paid the money through his NRO a/c what requirements are to be complied with in res Read More
If a company allot some shares to a PIO and he paid the money through his NRO a/c what requirements are to be complied with in respect of RBI and AD bank. There is no receipt of foreign currency but the company will enter a foreign address in its register of members.

Views (1256)
Posted By: Anita 10 year(s) ago

Answer

Dear Sir, Rule 14(1)(b) of Companies (prospectus of securities) Rules, 2014 with regard to private placement states that pvt. plac Read More
Dear Sir, Rule 14(1)(b) of Companies (prospectus of securities) Rules, 2014 with regard to private placement states that pvt. placement offer letter accompanied by application form shall be sent " EITHER IN WRITING OR IN E-MODE". What does the word "IN WRITING" states? , does it includes delivery of offer letter"BY HAND"?

Views (1523)
Posted By: Vishal arora 10 year(s) ago

Answer

Our company is a private company and wants to issue Preference Shares on private placement basis. Kindly let me know the procedure Read More
Our company is a private company and wants to issue Preference Shares on private placement basis. Kindly let me know the procedure for the same and also if you could provide with the event wise chart and draft documents for the same. Regards, Isha

Views (1151)
Posted By: Haryana 9 year(s) ago

Answer

Is anyone have sample of Debenture Trust Deed as per SH-12? Read More
Is anyone have sample of Debenture Trust Deed as per SH-12?

Views (1207)
Posted By: Radhika 9 year(s) ago

Answer

Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares unde Read More
Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares under private placement ?

Views (1652)
Posted By: Mohan srinivasan 9 year(s) ago

Answer

process of transfer of share of pvt ltd Read More
process of transfer of share of pvt ltd

Views (1561)
Posted By: Anshul mittal 10 year(s) ago

Answer

Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit Read More
Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit

Views (1104)
Posted By: Sunil kumar singla 9 year(s) ago

Answer

A Pvt Comany wants to issue shares on preferential placement basis. The Book value of the shares comes to Rs. 20/- per share and v Read More
A Pvt Comany wants to issue shares on preferential placement basis. The Book value of the shares comes to Rs. 20/- per share and value as per discounted cash flow comes to Rs. 40/- per share. Can the Comapny issue shares @ a price of Rs. 160/- per share if any shareholder is willing to buy it?

Views (1512)
Posted By: Hardam singh 9 year(s) ago

Answer

Can a Private Limited Company issue convertible warrants to its Promoters Directors? If yes. Whether there are any provisions simi Read More
Can a Private Limited Company issue convertible warrants to its Promoters Directors? If yes. Whether there are any provisions similar to Regulation 75 & Regulation 77 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, regarding tenure of convertible securities and Payment of consideration which are applicable to Private Limited Company?

Views (3188)
Posted By: Vikram 9 year(s) ago

Answer

Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the sa Read More
Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the same.

Views (1278)
Posted By: Vinay b l 9 year(s) ago

Answer

We are issuing shares to a person in exchange providing advisory services to the co. t. It gets covered under 62(1)(c) preferentia Read More
We are issuing shares to a person in exchange providing advisory services to the co. t. It gets covered under 62(1)(c) preferential allotment for consideration other than cash. Act says also follow sec 42 i.e. pvt. placement which talks about that the amount for issue of shares should come by way of cheque in a separate bank account. But there is no money coming. Only in exchange of services, we are giving shares. How to comply with Section 42?

Views (1167)
Posted By: Revathy` 9 year(s) ago

Answer

PAS-6 is not release for private placement offer . please explain Read More
PAS-6 is not release for private placement offer . please explain

Views (1231)
Posted By: Sapna tomar 9 year(s) ago

Answer

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Views (1217)
Posted By: Ravinder 9 year(s) ago

Answer

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Views (1170)
Posted By: Ravinder 9 year(s) ago

Answer

Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not? Read More
Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not?

Views (1514)
Posted By: Ramnik bhimani 9 year(s) ago

Answer

Director of Unlisted public limited deposited money with the Company as a deposit. Now company wants to issue shares in lieu of de Read More
Director of Unlisted public limited deposited money with the Company as a deposit. Now company wants to issue shares in lieu of deposits. Can a company issue shares to such Director ? If yes how the conditions of separate bank account, PAS 4 and 5 can be fulfilled ?

Views (1663)
Posted By: Atul kulkarni 9 year(s) ago

Answer

Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ? Read More
Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ?

Views (1482)
Posted By: Satish kshirsagar 9 year(s) ago

Answer

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Views (926)
Posted By: Ravinder 9 year(s) ago

Answer

Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of de Read More
Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of deposit??

Views (1802)
Posted By: Shrenik 9 year(s) ago

Answer

Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of Read More
Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of deposits??

Views (1999)
Posted By: Shrenik 9 year(s) ago

Answer

Please let us know the procedure and the documents required for allotment of shares at premium value. Read More
Please let us know the procedure and the documents required for allotment of shares at premium value.

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Posted By: Aishwarya 9 year(s) ago

Answer

hello everyone,i want to know the reaquirement of an agreement for sweat equity shares.I couldnt find anywhere in the act nor the Read More
hello everyone,i want to know the reaquirement of an agreement for sweat equity shares.I couldnt find anywhere in the act nor the rules regarding sweat equity share agreement .Could anyone pls elaborate plus can restrictive clause such as if an employee leaves an organisation they are required to transfer the share back to company be given in such an agreement

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Posted By: Gowri 9 year(s) ago

Answer

ESOP issued to foreign subsidiary has been vested and during the time of allotment, can i get the excercise price & related perqui Read More
ESOP issued to foreign subsidiary has been vested and during the time of allotment, can i get the excercise price & related perquisite tax in INR or the employees has to deposit in USD? or exercise price should be in INR & tax amount to be collected in US? Which tax to be deducted, it is as per US taxation or Indian taxation.

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Posted By: Rajapanduranga 9 year(s) ago

Answer

if a company takes over a proprietorship firm and issue share to such proprietor in consideration of same. now it is a matter of i Read More
if a company takes over a proprietorship firm and issue share to such proprietor in consideration of same. now it is a matter of issue of shares other than cash. my question is mere filling of PAS-3 with the attachment of contract paper of takeover and valuation report fulfill the requirement of law. or we have to follow separate provision of preferential allotment

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Posted By: Cs rohit 8 year(s) ago

Answer

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Views (1225)
Posted By: Ravinder 9 year(s) ago

Q & A

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Private placement

Private placement

Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c Read More Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c 62

whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. plea Read More whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. please advise.

If a partnership firm intends to invest in equity shares then what is the procedure. Read More If a partnership firm intends to invest in equity shares then what is the procedure.

Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify Read More Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify ...

can compulsory convertible preference shares be given dividend at par with equity shareholders? Read More can compulsory convertible preference shares be given dividend at par with equity shareholders?

Under New Act, within how many days the Company is required to issue share certificates for allotment done. Read More Under New Act, within how many days the Company is required to issue share certificates for allotment done.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

PAS-6 is not release for private placement offer . please explain Read More PAS-6 is not release for private placement offer . please explain

is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Read More is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Plz advice

Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable pre Read More Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable preference capital at par?

Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly Read More Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly guide

Under private placement route, can shares be issued at a price different- high or low, than valuation report Read More Under private placement route, can shares be issued at a price different- high or low, than valuation report

PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement Read More PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement

Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Eq Read More Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Equity Share.

WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT Read More WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT

SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc Read More SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc

Is anyone have sample of Debenture Trust Deed as per SH-12? Read More Is anyone have sample of Debenture Trust Deed as per SH-12?

Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares unde Read More Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares under private placement ?

process of transfer of share of pvt ltd Read More process of transfer of share of pvt ltd

Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit Read More Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit

Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the sa Read More Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the same.

PAS-6 is not release for private placement offer . please explain Read More PAS-6 is not release for private placement offer . please explain

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not? Read More Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not?

Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ? Read More Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ?

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of de Read More Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of deposit??

Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of Read More Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of deposits??

Please let us know the procedure and the documents required for allotment of shares at premium value. Read More Please let us know the procedure and the documents required for allotment of shares at premium value.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

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Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c Read More
Private company allot the further equity shares to directors. is it attract private placement/preferential provisionu/s 42 or u/c 62

whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. plea Read More
whether a private company can give offer to a partnership firm for subscribing the shares, if yes, what are the requirements. please advise.

If a partnership firm intends to invest in equity shares then what is the procedure. Read More
If a partnership firm intends to invest in equity shares then what is the procedure.

Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify Read More
Whether the sweat equity shares can be issued to the non-executive directors? if so what are the tax implications..kindly clarify ...

can compulsory convertible preference shares be given dividend at par with equity shareholders? Read More
can compulsory convertible preference shares be given dividend at par with equity shareholders?

Under New Act, within how many days the Company is required to issue share certificates for allotment done. Read More
Under New Act, within how many days the Company is required to issue share certificates for allotment done.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

PAS-6 is not release for private placement offer . please explain Read More
PAS-6 is not release for private placement offer . please explain

is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Read More
is it Compulsory for for a Private Limited Company who issues shares to one of the two directors at face value, to appoint valuer? Plz advice

Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable pre Read More
Is it necessary to obtain a valuation report even in case the security is being offered at par value - say issue of redeemable preference capital at par?

Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly Read More
Can Pvt. Ltd. company convert unsecured loan of promoter into Equity capital.? what,s the precautions to be taken care of. Kindly guide

Under private placement route, can shares be issued at a price different- high or low, than valuation report Read More
Under private placement route, can shares be issued at a price different- high or low, than valuation report

PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement Read More
PREFERENCE SHARE allotment other than existing share holder can be treated as Private placement

Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Eq Read More
Hi Everyone, Can anybody provide with the format of Share certificate for preference Shares. In SH-1 its specifically mentioned Equity Share.

WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT Read More
WHAT IS THE PROCEDURE TO ALLOT SHARES TO A DIRECTOR AGAINST LOAN . IS THERE ANY CHANGE WHETHER HE IS A SHAREHOLDER OR NOT

SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc Read More
SIR, What will be procedure for filing the return of allotment if it is in march 2014 such as Pas-5 , Valuation Report etc

Is anyone have sample of Debenture Trust Deed as per SH-12? Read More
Is anyone have sample of Debenture Trust Deed as per SH-12?

Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares unde Read More
Is there any format of application form available for subscription of non convertible redeemable cumulative preference shares under private placement ?

process of transfer of share of pvt ltd Read More
process of transfer of share of pvt ltd

Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit Read More
Whether the allotment of Unsecured Debenture to Foreign Body Corporate is exempted from the definition of Deposit

Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the sa Read More
Dear Members, I am looking for a checklist for allotment of debentures in a private limited Company. Request you to provide the same.

PAS-6 is not release for private placement offer . please explain Read More
PAS-6 is not release for private placement offer . please explain

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not? Read More
Whether unsecured Non Convertible debentures issued by unlisted public limited company are considered as deposit or not?

Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ? Read More
Please give me the procedure for Issue of Share of Producer company ? more than 200 hunderd members ?

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.

Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of de Read More
Would an issue of unsecured non convertible debentures on private placement basis by a listed company be considered as issue of deposit??

Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of Read More
Would an issue of unsecured non convertible debentures on private placement basis by a listed company fall under the definition of deposits??

Please let us know the procedure and the documents required for allotment of shares at premium value. Read More
Please let us know the procedure and the documents required for allotment of shares at premium value.

Please advise when to open and when to close the offer after shareholders meeting in case of private placement. Read More
Please advise when to open and when to close the offer after shareholders meeting in case of private placement.