Query on pas-3

MCA 598 views 1 replies

Abhijit Ghosh

618 Points Joined June 2010

A Limited company had taken share application money in the year 2009. Now the company intend to allot shares to the allottees.

Kindly advice me whether require to file MGT-14 before filling of PAS-3 form or filling of PAS-3 form will be sufficient for the purpose.

Thanks a lot in advance.

Replies (1)

Vandana J Doshi

Practising Company Secretary

12562 Points Joined May 2011

Normally MGT 14 is required to be filed for issue of shares and thereafter for allotment of shares only PAS 3 suffices.....but in your case since the share application money has already been received, you should file MGT 14 also for ensuring compliance......... However this is my view....