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Require advise

nitin (NA) (55 Points)

06 October 2017

Dear Sir,

We offer 2000 share in right issue and file pas-3 for 1850 shares in august 2017

now a investor want to take 50 share in our company

can we allot share to new investor

if yes

then we will revise pas-3 or file new pas-3 for 50 share

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2 Replies

Anjali lakra (473 Points)
Replied 06 October 2017

u need to file new PAS-3

Shrijay Sheth (Co-Founder) (2692 Points)
Replied 06 October 2017

Companies Act, 2013 prescribes through section 39(4) that whenever a company having share capital makes allotment of securities, the company shall file the return of allotment as prescribed. The company shall file Form PAS – 3 within 30 days of the allotment of securities on the MCA portal. Here, the process of Right issue should be carried on as prescribed and then new e-form PAS – 3 is required to be filed with MCA.

Reach our experts LegalWiz.in at 89806 85509 or drop an e-mail at support @ legalwiz.in, in case of any query or doubt for free consultation. Professional at LegalWiz.in can help you for further issue of shares as well as allotment at affordable pricing in simple and transparent manner.