Private placement



Sec-42(7),inter-alia, provides that all offers covered under this section shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe"  What does it imply?
 

 
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Vice President (Corporate)

Refer Form PAS-5 - Rule 14 of Companies (Prospectus & Allotment of Securities) Rules 2014.  It is fallout of Sahara case.

 

 
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