https://www.taxtmi.com/acts?id=31681 The substituted section permits a company to make a private placement only to a board identified select group of persons not exceeding the prescribed number, via a prescribed private placement offer cum application that carries no right of renunciation. Application monies must be paid by banking channel and held in a separate scheduled bank account for allotment adjustment or repayment. Allotment must occur within sixty days and a return of allotment filed within fifteen days; exceedance of the prescribed number of recipients renders the issue a public offer governed by the Act and securities law. en-us Thu, 04 Jan 2018 18:26:50 +0530 Thu, 04 Jan 2018 18:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31681 The substituted section permits a company to make a private placement only to a board identified select group of persons not exceeding the prescribed number, via a prescribed private placement offer cum application that carries no right of renunciation. Application monies must be paid by banking channel and held in a separate scheduled bank account for allotment adjustment or repayment. Allotment must occur within sixty days and a return of allotment filed within fifteen days; exceedance of the prescribed number of recipients renders the issue a public offer governed by the Act and securities law. Act-Rules F. Acts / Amendment Acts Thu, 04 Jan 2018 18:26:50 +0530 https://www.taxtmi.com/acts?id=31681