Dear All,
One of unlisted public company received share application money on 20.03.2014 and sent notice of EGM to members on 22.03.2014 for obtaing approval of members for preferential issue and conducted EGM on 15.04.2014 and filed PAS 3 in three trenches 20.04.2014, 25.04.2014 and 05.04.2014 with in 60 days as authorised in EGM.
since money already received by the company before 31.03.2014, company has not filed PAS 4 and PAS 5 and not opened separate account as required under section 42 of the companies Act, 2013, does it amount to violation of law
CAclubindia
