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of <h1>India Amends Companies Rules 2014: Removes Application Size Requirement in Form PAS-3 for Securities Allotment.</h1> The Government of India, through the Ministry of Corporate Affairs, issued a notification amending the Companies (Prospectus and Allotment of Securities) Rules, 2014. This amendment, titled the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019, came into effect on its publication date in the Official Gazette. The amendment specifically omits the requirement in Form PAS-3, which stated that securities with an application size of less than twenty thousand per person were not to be allotted. This change modifies the procedural requirements for the allotment of securities under the Companies Act, 2013.
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