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Is a company contemplating Rights Issue in terms of Section 61(1)(a) of the Companies Act, 2013 (‘the Act’) requires to comply with the provisions pertaining to Private Placement under Section 42 of the Act?
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What Form shall be filed by the Company with ROC after making Rights Issue? The revised e-form PAS-3 (corresponding to earlier e-form 2) does not specify Section 62 in it and contains reference of Section 39 and 42 only?
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Rights issue under companies act, 2013
Replies (2)
1. No. It is very clear.
2. It has been clarified by ROC Karnataka that same form PAS-3 may be used for rights issue also. MCA may make suitable changes in the form to cover rights issue also.
| Originally posted by : P C Agrawal | ||
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1. No. It is very clear. 2. It has been clarified by ROC Karnataka that same form PAS-3 may be used for rights issue also. MCA may make suitable changes in the form to cover rights issue also. |
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Dear Sir,
Thanks for the prompt response. Request you to please share the Clarification issued by ROC Karnataka on the subject matter.
Regards,
Ashish Gupta
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