(A Complete procedure for issuance of securities under private placement -Cs Riya Khurana)
PRIVATE PLACEMENT OF SECURITIES – A Complete procedure for issuance of securities under private placement APPLICABILITY OF SECTION-Section 42 of the Companies Act, 2013.
GENERAL MEANING: Private Placement refers to the process of raising of fund by issuing securities to the pre-determined
Ministry of law and justice, legislative Department, which has introduced a system of Pre-Packed Insolvency Resolution Process through Insolvency and Bankruptcy code, (Amendment) Ordinance, 2021. Further, MCA Notification dated 9th April, 2021, mentioned sections, sub-sections and clauses under Chapter III-A of part II of the Code.
The Central Government has made some amendments under Foreign Trade Policy, 2015-2020, under Chapter 1 and Chapter 2 of FTP, 2015-2020, through the Notification dated 12th February, 2021.
Following are the amendment under FTP, 2015-2020:-
FTP Para no.
Pre Amendment
Post Amendment
1.11
Issue of e-IEC (Electronic –Importer Exporter Code)
e-IEC (Electronic –Importer
As per section 2(8) of the Companies Act, 2013, the Authorised capital or nominal capital means such Capital as is authorised by the Memorandum of Association of a Company to be the maximum amount of share capital of the Company.
Hence, a Company can issue shares up to the limit of the amount of
What is the Right issue of shares?
As per section 62(1) (a) of the Companies Act, 2013, the Right issue of shares refers to the issuance of shares by the Company to its existing shareholders in proportionate to their existing shareholding.
It is an easy and simple way to raise funds by Company, Under
MSME REGISTERATION-(UDYAM REGISTERATION)MSME Stands for Micro, Small and Medium Enterprises. It is regulated by the Ministry of Micro, Small and Medium Enterprises. The Government of India has enacted an Act for MSME i.e., Micro, Small and Medium Enterprises Development Act, 2006.
ELIGIBLE ACTIVITY FOR MSME REGISTRATION:
As per the MSME Act, 2006, Micro, Small
APPLY FOR EXTENSION OF VISA IN INDIA: Any foreigner who is residing in India on a work basis or on a tourist visa basis and his Visa is about to expire, has to submit an application on https://indianfrro.gov.in/eservices/home.jsp for the extension of visa on or before 60 days before the expiry of the respective Visa.
Issuance of Physical Share Certificate (When the Shares are not in DEMAT Form)
The Company shall issue any share certificate, after the surrender of the allotment letter to the Company, by the Allottees. (In case the allotment letter is lost or destroyed, then the board may impose such reasonable terms, in respect to the support
An Importer-Exporter code (IEC) is a business Identification Number, issued by DGFT (Directorate General of Foreign Trade), required at the time of export to Outside India or Import in India. No person can do export or import without obtaining an IEC unless specifically exempted.
Key Features:
As per MCA notification dated, 24th of December, 2020, there is an amendment in the Companies (Incorporation) Rules, 2014, therefore these rules are called as Companies (Incorporation) Third Amendment Rules, 2020, Notified with effect from 26th January, 2021.
PROVISION APPLICABLE BEFORE 26TH JANUARY, 2021
The name reserved of the Company shall be reserved