Background
Our client, a private limited company, wanted to raise funds for expansion by issuing shares to select investors. They sought a compliant, efficient process under the Companies Act, 2013, and guidance on documentation and filings.
Our Approach
- Reviewed the client’s eligibility and business objectives for private placement.
- Drafted the offer letter (PAS-4), board and shareholder resolutions, and other required documents.
- Guided the client on disclosures, timelines, and investor communication.
- Ensured timely filing of PAS-4, PAS-3, and other statutory forms with the Registrar of Companies.
- Maintained a compliance checklist and supported the client through every step.
Outcome
The client successfully raised capital through private placement, with all legal and regulatory requirements met. Our support ensured a seamless, hassle-free experience and timely completion.
Key Compliance Checklist
- Board and shareholder approvals
- Offer letter in Form PAS-4
- Filing of return of allotment (Form PAS-3)
- Maintaining complete records of the offer and allotment
- Adhering to timelines and disclosure requirements
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