https://www.taxtmi.com/article/detailed?id=7812 Section 42 regulates private placement as an offer to a select group by private placement offer cum application; the board must identify the persons, offers must be non public, subscription money must be received through banking channels and kept in a separate scheduled bank account for allotment or repayment, allotment must occur within the statutory period or refunds with interest must be made, fresh offers are barred until earlier offers are completed, and prescribed return of allotment and penalties for non compliance apply. en-us Mon, 08 Jan 2018 09:04:40 +0530 Mon, 08 Jan 2018 09:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7812 Section 42 regulates private placement as an offer to a select group by private placement offer cum application; the board must identify the persons, offers must be non public, subscription money must be received through banking channels and kept in a separate scheduled bank account for allotment or repayment, allotment must occur within the statutory period or refunds with interest must be made, fresh offers are barred until earlier offers are completed, and prescribed return of allotment and penalties for non compliance apply. Articles Corporate Laws / IBC / SEBI Mon, 08 Jan 2018 09:04:40 +0530 https://www.taxtmi.com/article/detailed?id=7812