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As per section 42 of the companies Act,2013, provides that All monies payable towards subscription of securities under this section shall be paid through cheque or demand draft or other banking channels but not by cash ,All monies received on application shall be kept in separate bank account a schedule bank. further as per Companies ( prospectus of securities) Rules,2014, such offer/ invitation shall be made to not more than 200 persons and the value of such offer or invitation per person shall be with an investment size of not less than twenty thousand rupees of face value. PAS-4 and PAS-5 is also required . I want to know all these provisions are applicable to producer companies or not?

Section 42 - Issue of shares on private placement basis.

Posted By: Amardeepduggal 7 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Shivam Singhal

yes applicable on producer company also

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