Process for preferential Allotment

* Money in the Escrow Account (separate bank account) shall not be utilized before filling PAS-3 to registrar.

* File PAS-4 and PAS-5 with ROC within 15 days of circulation of relevant private placement Offer Letter.

Allotment of shares for other than cash: – In the case of securities (not being bonus shares) allotted as fully or partly paid up for consideration other than cash, these shall be attached to the Form PAS-3 a copy of the contract, duly stamped, pursuant to which the securities have been allotted together with any contract of sale if relating to a property or an asset, or a contract for services or other consideration. (Indian Stamp Act, 1899 (2 of 1899), and the Registrar may, as a condition of filing the particulars, require that the stamp duty payable thereon be adjudicated under section 31 of the Indian Stamp Act, 1899. A report of a registered value in respect of valuation of the consideration shall also be attached along with the contract as mentioned.

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