Meaning of issue security

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2015 Dear sir,
i m confuse, MGT-14 is fill on issue of security u/s 179(3), whether it means resolution pass for issue of shares(i.e offer for right issue to existing shareholder) or allotment of share
please provide the answer as soon as possible

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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27 April 2015 “Issue of securities” is “offer of securities” and not “allotment of
securities.” The form MGT 14 has to be filed at the time of offer of securities and form
PAS 3 at the time of allotment of securities. The company need not file MGT 14 for
allotment of securities

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2015 Thanks Mitesh Mehta sir for Advice

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