Question
How do I file the return of allotment (Form PAS-3) and what is the time limit?
Answer
Bottom line: After allotting shares, file the return of allotment in Form PAS-3 within 30 days.
1. The return
PAS-3 reports the allotment details to the ROC and must be filed within 30 days of allotment.
2. Private placement
For a private placement the deadline is 15 days, and the money cannot be used until PAS-3 is filed.
3. Attach
The list of allottees and the relevant board or shareholder resolution.
Track allotments with our Company Secretarial Registers (Excel).
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.