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Allotment of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2014 Dear Sir/Madam,

We have received share application money before 31/03/204 and now we want to allot the shares. My query is do we have to file form PAS-4.
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Shashikant Sharma

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Shashikant Sharma (Expert)
17 July 2014 Yes, if you issuing shares under the private placement option by complying Section 42 of the Companies Act.
And if you shares to your existing shares under rights issue then PAS-4 is not mandatory.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2014 Thank you sir for your valuable reply....
But sir I have already received application money that means shares are already offered so why should we file PAS-4(Private Placement Offer Letter).
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