Regulatory update on Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019

The Ministry of Corporate Affairs (the MCA) vide the Companies (Prospectus and Allotment of Securities) Rules, 2014 has introduced Form PAS-6. The said form is required to be filed by every unlisted public company within sixty days from the conclusion of each half year i.e. for each half year ended 30th September and 31st March in every financial year for each ISIN separately and duly certified by a company secretary in practice or chartered accountant in practice.

Also, every company shall immediately bring to the notice of the depositories in case there is any difference observed in its issued capital and the capital held in dematerialized form.

Sources:http://www.mca.gov.in/Ministry/pdf/Rules_23052019.pdf

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