MCA has notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2019 which shall come into force on the date of their publication in the Official Gazette i.e 19-02-2019.
The amendment are carried out in the Form PAS-3 which is required to be filed with the Registrar of Companies for Allotment of Securities by the companies.
According to the Amendment, against serial number 6, in item (b), the words “not allotted securities with an application size of less than twenty thousand per person” against the second check box shall be omitted.
As the MCA has done away with the requirement of application size of Rs. 20,000/- for all companies in the recent past, this amendment in PAS - 3 will sync the form with the applicable rules.
The amendment are carried out in the Form PAS-3 which is required to be filed with the Registrar of Companies for Allotment of Securities by the companies.
According to the Amendment, against serial number 6, in item (b), the words “not allotted securities with an application size of less than twenty thousand per person” against the second check box shall be omitted.
As the MCA has done away with the requirement of application size of Rs. 20,000/- for all companies in the recent past, this amendment in PAS - 3 will sync the form with the applicable rules.
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