The Ministry of Corporate Affairs ( MCA ) has extended the deadline for filing Form PAS-7 to August 05, 2024, without any late fees. This has been done by issuance of General Circular No. 05/2024.
This form, required under Rule 9(2)(a) of the Companies ( Prospectus and Allotment of Securities ) Rules, 2014, pertains to public companies that issued share warrants before the commencement of the Companies Act, 2013, and have not converted these warrants into shares.
The original requirement mandated that companies inform the Registrar of Companies about the details of such share warrants within three months of the commencement of the Companies ( Prospectus and Allotment of Securities ) Second Amendment Rules, 2023.
The MCA had deployed the PAS-7 Web-Form on the MCA-21 Portal, now allowing stakeholders to submit the necessary details without incurring additional fees until August 5, 2024.
Stakeholders are requested to file requisite details in terms of Companies ( Prospectus and Allotment of Securities ) Second Amendment Rules, 2023 through the Web-Form, without any late fees by utilising the extended window.
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