Filing of single pas-3 for different class of shares

This query is : Resolved

CS Mitesh Mehta (Querist)
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02 January 2016 Respected Learned Members,

HAPPY NEW YEAR TO ALL MEMBERS.

Situation: Company A wants to file PAS-3 for allotment of Class A, Class B & Class C equity shares. Allotment date is same for all classes i.e 29/12/2015. Face value is Rs. 10/- each

Class A : 10000 shares
Allottees: Mr. A (5000 shares), Mr. B (250 shares) & Mr. C (4750 Shares)

Class B: 10000 shares
Allottees: Mr. A (5000 shares), Mr. B (1000 shares) & Mr. C (1000 Shares)

Class C: 10000 shares
Allottees: Mr. A (1000 shares), Mr. B (4000 shares) & Mr. C (5000 Shares)

Question:

1. Whether for all the class single PAS-3 can be filed. Allotment is done on same day for all classes
2. if i file single PAS-3 for say class A shares, will that amount to violation of private placement rule which says that allotment can't be done for less than Rs. 20,000/- per person whereas in class A allotment to Mr. B will be less than Rs. 20,000 /- (Allotment to Mr. B= 250*10 =Rs. 2500)
3. whether single private placement offer letter can be issued for all three classes of shares.

Respected learned members waiting for your valuable comments.

Thanking you in anticipation.

Regards,
MITESH

CS Divesh Goyal

CS Divesh Goyal (Expert)
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09 January 2016 Mr. Mitesh,

1. Yes one PAS-3 can be file for more than one allotment.
2. Yes it is default of section 42.
3. No same PP offer can't be be given for more then one class.

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