Menu
Explanation
Give explanation of Section 42(3) of The Comapanies Act,2013.
Replies (1)
No fresh Offer of private placement shall be made by company unless the earlier private placement offer is completed or withdrawn by company.
For example: On September 20 2017 company offered private placement offer to specified persons, if Company want to issue further such offer then Company should first complete the offer made on 20 September 2017 otherwise they cannot make another private placement offer.
For example: On September 20 2017 company offered private placement offer to specified persons, if Company want to issue further such offer then Company should first complete the offer made on 20 September 2017 otherwise they cannot make another private placement offer.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
