Issue shares via private placement: Board + SR, PAS-4 offer letter, max 200 persons per FY
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Board approves private placement including pricing and terms.
Members pass SR for private placement.
Send private placement offer letter (PAS-4) to identified persons. Max 200 per FY per type.
Receive application money. Must allot within 60 days or refund.
Board allots shares within 60 days of receipt of application money.
File return of allotment within 15 days.
File SR with ROC within 30 days.
Maintain and file record of private placement.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.