Boorrowings and Private issue of shares--Pls help
This query is : Resolved
27 May 2011
Dear Experts,
Can I know the applicable sections and compliance required in th following case:
1. A Public limited company has made Private placement of equity shares (Existing Share Capital- Rs. 13,55,000. Additional issued- Rs. 1,00,97,000)
2. A public limited company has paid up Share capital of Rs. 1,14,52,000 and Secured loans of Rs. 1,15,07,906 (including Rs. Term loan from bank-Rs.1,13,99,885 and Bank OD –Rs. 1,08,021)
Can I know the applicable sections and compliance required in th following case:
1. A Public limited company has made Private placement of equity shares (Existing Share Capital- Rs. 13,55,000. Additional issued- Rs. 1,00,97,000)
2. A public limited company has paid up Share capital of Rs. 1,14,52,000 and Secured loans of Rs. 1,15,07,906 (including Rs. Term loan from bank-Rs.1,13,99,885 and Bank OD –Rs. 1,08,021)
30 May 2011
1) Please go through the unlisted public companies (preferential allotment) Rules, 2003. It lists out all the requirements.
On allotment of shares, file form 2 within 30 days of allotment. Attach list of allottees.
2) The company has taken secured loans. So file form 8 with ROC for creation of security giving details of assets charged, amount of loan, interest rate,etc.
On allotment of shares, file form 2 within 30 days of allotment. Attach list of allottees.
2) The company has taken secured loans. So file form 8 with ROC for creation of security giving details of assets charged, amount of loan, interest rate,etc.
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