Issue shares via private placement: Board + SR, PAS-4 offer letter, max 200 persons per FY. Private Placement (S.42) takes 8 steps over about 209 days and is filed with the ROC on PAS-4, PAS-3, MGT-14 and PAS-5.
Last updated: 10 August 2026
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
8 steps over about 209 days, filing PAS-4, PAS-3, MGT-14 and PAS-5 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Pass Board Resolution | None | within 7 days |
| 2 | Pass Special Resolution at GM | None | within 30 days |
| 3 | Issue PAS-4 Offer Letter | PAS-4 | within 7 days |
| 4 | Collect Application Money | None | within 30 days |
| 5 | Allot Shares | None | within 60 days |
| 6 | File PAS-3 with ROC | PAS-3 | within 15 days |
| 7 | File MGT-14 | MGT-14 | within 30 days |
| 8 | File PAS-5 (Record of PP) | PAS-5 | within 30 days |
The 8 steps below run in order; the day counts show how long each one allows.
Board approves private placement including pricing and terms.
Members pass SR for private placement.
Send private placement offer letter (PAS-4) to identified persons. Max 200 per FY per type.
Receive application money. Must allot within 60 days or refund.
Board allots shares within 60 days of receipt of application money.
File return of allotment within 15 days.
File SR with ROC within 30 days.
Maintain and file record of private placement.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
About 209 days across 8 steps. The first step is: Pass Board Resolution.
PAS-4, PAS-3, MGT-14 and PAS-5. PAS-3 is the return of allotment filing under §39 of the Companies Act 2013. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013.
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.