prakash (Company Secretary) (1352 Points)
30 July 2014Dear All,
Unlisted public company has received share application money on 15.03.2014, sent notice of EGM on 16.03.2014 to shareholders for giving authorisation to Board to issue shares on preferential basis, hold EGM on 30.04.2014, in this case, do company requires to file PAS 4 and PAS 5 as per section 42 and 62(1) (c), since money have already received by the company on 15.03.2014 before section 42 and 62 come into effect.
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 31 July 2014
In my view, PAS 4 and 5 required only for private placement and not for preferntial allotment......
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