Friends, I have one Query, In Private Placement by Pvt. Ltd. Co., In Offer letter, for howmany days (maximum and minimum) the offer should kept open?
1 Replies
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 02 August 2014
Hi Ekta, as far as i know, no time frame has been mentioned for private placement offer letter.....however for rights issue it has been mentioned in sec 62.......
So i think that it will be the prerogative of the company to decide the time frame....it can also follow the one mentioned for rights issue....
others views solicited.....
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