Preferential allotment
This query is : Resolved
13 February 2019
Do a company intending to go for preferential allotment needs to comply with provisions of private placement also.???
14 February 2019
Yes
Only with following exception.
In case a company make private placement to existing members, it shall not be required to issue & file PAS 4. Since, the requirement of PAS 4 is done away with, therefore, requirement of filing the same with PAS 5 and has consequentially been omitted.
It to be kept in mind that the non- requirement of PAS 4 and consequent filing is not in case of every private placement but only where a company makes preferential issue to existing members, is when the requirement is done away with
Only with following exception.
In case a company make private placement to existing members, it shall not be required to issue & file PAS 4. Since, the requirement of PAS 4 is done away with, therefore, requirement of filing the same with PAS 5 and has consequentially been omitted.
It to be kept in mind that the non- requirement of PAS 4 and consequent filing is not in case of every private placement but only where a company makes preferential issue to existing members, is when the requirement is done away with
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- TAX AUDIT QUESTION
- Grand in aid
- ASMT-10 received from A O
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Taxability of credit in canara bank ET & T section (NRO)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
