Disclosure requirement removed for small-application unallotted securities in companies prospectus and allotment rules amendment notification Amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2019 omits from Form PAS-3, item (b) against serial number 6, the words 'not allotted securities with an application size of less than twenty thousand per person', thereby removing that descriptive checkbox from the prescribed return; the rule is made under powers conferred by the Companies Act, 2013 and takes effect on publication in the Official Gazette.
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Disclosure requirement removed for small-application unallotted securities in companies prospectus and allotment rules amendment notification
Amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2019 omits from Form PAS-3, item (b) against serial number 6, the words "not allotted securities with an application size of less than twenty thousand per person", thereby removing that descriptive checkbox from the prescribed return; the rule is made under powers conferred by the Companies Act, 2013 and takes effect on publication in the Official Gazette.
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