https://www.taxtmi.com/acts?id=18475 Private placement requires prior shareholder approval by special resolution with an explanatory statement disclosing offer particulars, securities, pricing basis, valuer, amount proposed, material terms and purposes; recipients are limited to two hundred persons per financial year per class of security excluding qualified institutional buyers and employee schemes; Form PAS-4 offer letters must be serially numbered and addressed, payments must come from subscribers' bank accounts, records maintained in Form PAS-5 and allotment return filed in Form PAS-3 with full particulars of allottees; specified exemptions and foreign-investment approval requirements apply. en-us Tue, 01 Apr 2014 09:49:38 +0530 Wed, 11 Mar 2026 16:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18475 Private placement requires prior shareholder approval by special resolution with an explanatory statement disclosing offer particulars, securities, pricing basis, valuer, amount proposed, material terms and purposes; recipients are limited to two hundred persons per financial year per class of security excluding qualified institutional buyers and employee schemes; Form PAS-4 offer letters must be serially numbered and addressed, payments must come from subscribers' bank accounts, records maintained in Form PAS-5 and allotment return filed in Form PAS-3 with full particulars of allottees; specified exemptions and foreign-investment approval requirements apply. Act-Rules Companies Law Tue, 01 Apr 2014 09:49:38 +0530 https://www.taxtmi.com/acts?id=18475