UrbanPro
true

Take CA Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Corporate Law

B Krishnan
21/02/2017 0 0

Conditions for issue of securities under Private Placement:

Section 42 of the Companies Act 2013, provides the procedures for issue of shares  through issue of Private placement offer letter.

  1. The offer shall be made to a person or group of person not exceeding 50 in number.
  2. Only those persons to whom this offer is made shall apply for securities.
  3. The private placement should have been approved by the present shareholders by way of Special resolution.
  4. The aggregate number of persons to whom this private placements can happen cannot exceed 200 numbers in a year in case of more than one private placement happens in a company.
  5. The minimum value of securities that shall be invested cannot be less than Rs. 20 thousands.
  6. The amounts shall be received only through bank of account of the subscribers.
  7. The company shall file with ROC the full details of such private placement as well as keep  all relevant records in its office.
  8. The company should allot shares as against the offer within 60 days from the date of receipt of application money.
  9. The company should not make any type of advertisement in any media about the private placement.
0 Dislike
Follow 0

Please Enter a comment

Submit

Other Lessons for You

Types of Financing
Types of Financing Bridge Financing Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial...

GST By CA Prashanth Reddy
GST on services fixed; Ola, Uber rides and flights to be cheaper, education and health exempt. The GST Council on Friday finalised tax rates for services under the Goods and Service Tax (GST) regime,...

Basis Of Charge Of GST
The basis of ‘charge of tax’ as per any law is the ‘taxable event’. In case of GST, the ‘taxable event’ is the supply of goods or services. Supply of goods or services...

Consignment Accounts By CA Prashanth Reddy
A. INTRODUCTION When goods are sent by one person to another to be sold by the latter on behalf and at the risk of the former, the transaction is known as consignment. The person who sends the goods...

GST: Goods And Service Tax
What is GST? Goods and Services Tax, GST is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected...
X

Looking for CA Coaching Classes?

The best tutors for CA Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take CA Coaching with the Best Tutors

The best Tutors for CA Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more