Company Law : To further strengthen the Corporate Governance and in the light of digitalisation, Rule 9A of the Companies (Prospectus and Allotm...
Company Law : Ministry of Corporate Affairs (‘MCA’) had issued a notification on 10th September, 2018 to amend the Companies (Prospectus and...
Company Law : Q 1. What is the intent behind introduction of Form PAS-6? Ans: The key purpose of Form PAS-6 is to undertake reconciliation of nu...
Company Law : Ministry of Corporate Affairs (MCA) vide its notification dated 10th September, 2018, inserted Rule 9A of Companies (Prospectus an...
Company Law : E-FORM PAS-6 FOR THE HALF-YEAR ENDED ON 30TH SEPTEMBER, 2019 AND 31ST MARCH, 2020 CAN BE FILED TILL 31ST DECEMBER, 2020. [Ref: ...
CA, CS, CMA : We request you to arrange to deploy the e-form PAS -6 at the MCA website or issue clarification that for the half year ending Sept...
Company Law : Time limit for filing Form PAS-6 without additional fees for the half-year ended on 30.09.2019 will be sixty days from the date of...
Company Law : Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019 MCA notifies Form PAS – 6- Reconciliation o...
To further strengthen the Corporate Governance and in the light of digitalisation, Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 was brought into force over the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 through MCA Notification dtd. 10th September, 2018 which made compulsory issue of securities in dematerialised form by Unlisted Public Companies effective from 2nd October, 2018.
Ministry of Corporate Affairs (‘MCA’) had issued a notification on 10th September, 2018 to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014, these rules may be called the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018. The same are effective from 2nd October, 2018. Amendment By the way of this notification […]
Q 1. What is the intent behind introduction of Form PAS-6? Ans: The key purpose of Form PAS-6 is to undertake reconciliation of number of securities issued (share certificate / demat credit) matches / does not match with issued / paid-up capital. It attempts to ensure that there is no excess credit of securities as […]
Ministry of Corporate Affairs (MCA) vide its notification dated 10th September, 2018, inserted Rule 9A of Companies (Prospectus and Allotment of Securities), Rules, 2014, for Issue of securities in dematerialised form by unlisted public companies which is effective from 02nd October, 2018. As we all are aware that the filing of PAS-6 form is nearby […]
E-FORM PAS-6 FOR THE HALF-YEAR ENDED ON 30TH SEPTEMBER, 2019 AND 31ST MARCH, 2020 CAN BE FILED TILL 31ST DECEMBER, 2020. [Ref: “Companies Fresh Start Scheme, 2020 (CFSS-2020)” vide Circular No. 12/2020 dated 30th March, 2020 and General Circular No. 30/2020 dated 28th September, 2020] The Ministry of Corporate Affairs (‘MCA’) has made available the Form PAS-6 for […]
The Ministry of Corporate Affairs has introduced Form PAS-6 for the reconciliation of share capital to be filed half yearly. This Form is governed by the Rule 9A inserted by the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018, which provides for the dematerialization of issue of securities and existing securities of unlisted […]
♦ Introduction Initially, reconciliation of Share Capital Audit Report was applicable only for Listed Companies and was required to be filed with Stock Exchanges on a quarterly basis as per SEBI (Depositories and Participants) Regulations. Now, Central Government (Ministry of Corporate Affairs) has introduced a similar concept under the Companies Act, 2013 for unlisted public […]
E-FORM PAS 6 (Reconciliation of Share Capital Audit Report on half yearly basis) Objective: Reconciliation of Share capital Audit Report on half yearly basis by unlisted public Companies. Legal Provision: Ministry of Corporate Affairs (MCA) vide its notification dated 10th September 2018, inserted Rule 9A of Companies (Prospectus and Allotment of Securities), Rules, 2014, for […]
Deployment of e-form PAS-6 for filing by Ministry of Corporate Affairs (MCA) Ministry of Corporate Affairs (MCA) with effect from July 15, 2020, has made available, an e-form PAS-6 for filing purpose on its website. Before understanding the filing purpose of e-form PAS-6, let’s understand the background first. Background Rule 9A of Companies (Prospectus and […]
After the deployment of the E-form PAS-6 on the website of Ministry of Corporate Affairs on 15th of July 2020 various confusions can be seen in the market related to filing of PAS-6, Non dematerialisation of securities and its consequences, consequences of not getting the ISIN by the unlisted Public companies. Here in this article […]
