The Ministry of Corporate Affairs (MCA) on January 20, 2023, issued the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2023 to further amend the Companies (Prospectus and Allotment of Securities) Rules, 2014.
The following has been stated namely: -
• Rule 12 which states “Return of Allotment” the following sub-rule has been omitted namely: -
“(6) In the case of the issue of bonus shares, a copy of the resolution passed in the general meeting authorizing the issue of such shares shall be attached to the Form PAS-3.”
• The following forms have been substituted namely: -
1. Form PAS-2
2. Form PAS-3
3. Form PAS-6
This has come into force on January 23, 2023
[Notification No. 1/21/2013-CL-V-Part(1)]
