Dear Experts,
The Authorised capital of a pvt. ltd. co. is 50 Lac with paid up capital 6 lac . Now the co. is issuing more shares to directors under pvt. placement, does it has to file MGT-14. Please guide.
P C Agrawal
(Registered independent director Past Ch)
(8229 Points)
Replied 13 May 2015
Yes, definitely. MGT.14 has to be filed for issue of shares u/s 179(3)(c).
CS Maulik Bhavsar
(Practicing Company Secretary)
(43 Points)
Replied 18 May 2015
Yes.. You have to file MGT 14 & this SRN will be entered in PAS 3.