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Rule 12 - Return of Allotment - Companies (Prospectus and Allotment of Securities) Rules, 2014

Extract

..... ist shall be certified by the signatory of the Form PAS-3 as being complete and correct as per the records of the company. (3) In the case of securities (not being bonus shares) allotted as fully or partly paid up for consideration other than cash, there shall be attached to the Form PAS-3 a copy of the contract, duly stamped, pursuant to which the securities have been allotted together with any contract of sale if relating to a property or an asset, or a contract for services or other considera .....

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Rule 12 - Return of Allotment - Companies (Prospectus and Allotment of Securities) Rules, 2014

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..... be attached to Form PAS-3, the valuation report of the registered valuer. Explanation.- Pending notification of sub-section (1) of section 247 of the Act and finalisation of qualifications and experience of valuers, valuation of stocks, shares, debentures, securities etc. shall be conducted by an independent merchant banker who is registered with the Securities and Exchange Board of India or an independent chartered accountant in practice having a minimum experience of ten years. ************** .....

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Rule 12 - Return of Allotment - Companies (Prospectus and Allotment of Securities) Rules, 2014

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  1. G.S.R. 37 (E) - Dated: 20-1-2023 - Companies (Prospectus and Allotment of Securities) Amendment Rules, 2023