A Private placement offer or invitation shall not be made in one financial year to more than h...........

Companies Act-Phase (I & II) Prospectus

A Private placement offer or invitation shall not be made, in one financial year, to more than ……. Persons and not more than …………persons in aggregate in a financial year.

50, 200

100, 200

50, 100

100, 500

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Explanation:

Section 42 of the Companies act, 2013, condition for Private Placement. offer of securities or invitation to subscribe securities, shall be made to such number of persons to more than 50 Persons and not more than 200 persons in aggregate in a financial year.