MCA vide Notification No- G.S.R 376(E) on Wednesday, 22nd May, 2018 has issued Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019 to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014 wherein;
- In rule 9A, under sub-rule 7, for the words and figures ‘Regulations 1996’, the words and figures ‘Regulations 2018’ shall be substituted. So, it will be SEBI (Depositories and Participants) Regulations, 2018.
- For sub-rule 8, the following sub-rules shall be substituted:
(8) Every unlisted public company governed by this rule shall submit Form PAS-6 to the Registrar with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 within sixty days from the conclusion of each half year duly certified by a company secretary in practice or chartered accountant in practice.
(8A) The company shall immediately bring to the notice of the depositories any difference observed in its issued capital and the capital held in dematerialised form.”
- in the ANNEXURE, after Form PAS-5, PAS-6 shall be inserted which pertains to Reconciliation of Share Capital Audit Report (Half-yearly)
They shall come into force with effect from 30th September, 2019.
The said Notification can be accessed through the following link:MCANot-GSR_376(E)dt22.05.2019cos prosp n alltment 3rd amend rules_2019