Private placement in private company

Co Act 2013 398 views 1 replies

Friends, I have one Query, In Private Placement by Pvt. Ltd. Co., In Offer letter, for howmany days (maximum and minimum) the offer should kept open?

Replies (1)

Hi Ekta, as far as i know, no time frame has been mentioned for private placement offer letter.....however for rights issue it has been mentioned in sec 62.......

 

So i think that it will be the prerogative of the company to decide the time frame....it can also follow the one mentioned for rights issue....

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