What should be the place of Board Meeting where Chairman attends via Videoconferencing? Should it be where Chairman is or should it be where the majority Directors are physically present?
Also, if Chairman is attending through Video Conferencing, should the physically present Directors elect a new Chairman for that meeting from amongst themselves?
A Company wishes to make private placement in tranches. Can it do it in one EGM and one PAS-4 or does it have to take EGM approval and new PAS-4 for each tranche?
In my company, there are 2 shareholders, 1st is a Foreign company which holds 99.99% and 2nd is a nominee of foreign company who hold 1 share just for the sake of compliance of minimum number of shareholders.
Now my Company, wants to issue more shares to Foreign Company, so should I consider it as a right issue or private placement??
Private Placement can be done in tranches?
Like we file MGT-14 with valuation report for private placement
and Funding will come in tranches ,so we file PAS-3 as we get funds.
Also can anyone share me drafts of such type of private placement
And does ROC , pose any trouble for the same?
Respected members:
Request you to kindly provide the clarity in respect of the procedures for issue of shares through private placement and whether the valuation under the same is required from a registered valuer or not?
Please provide clarity along with the corresponding sections and rules.
Please advise. Thanks in advance.
Dear All,
A Private Company has conducted EGM on 24th day of July 2019, for further issue of CCPS under Private Placement basis & approval of Shareholders for the issue of letter of Offer.
When shall I Open the Offer either on EGM date itself (i.e. 24.07.2019) or is there any time limit for the same?
Kindly advice.
ADT-1 filed for 5 years (in place of GNL-2) got approved yesterday.
But still in INC-22A the auditors details are not getting pre-filled.
What may be the reason?? have anyone facing such issue?
Have raised a ticked and waiting for the solution.
Q. Curtsy:
Swetha.v Vanavara
Dear Members, Can anyone provide documents for the issue of CCD by private placement?
Click here to view / answer Share it onAs all the director is required to mention the interest elsewhere and is placed before the first BM is required to be submitted to stock exchange?
Click here to view / answer Share it onWhether alternate director vacates office when the original director joins video conference at a Board meeting even though he does not return to India.
Click here to view / answer Share it onDear Members, If application money is coming in tranches then what should be the private placement offer letter duration??as it required to be mentioned in PAS-4 will it be till full money is received? or we can keep it 15 days..and in application to offer letter the investor can mention that he will pay in tranches.
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