PAS-3 is a webform related to the intimation of allotment of securities as per the Companies Act, 2013 in India. It is governed by specific sections and rules within the Act.
Key Aspects of PAS-3
The following table summarizes the key information:
| Aspect | Description |
|---|---|
| Full Name | Intimation of allotment of securities |
| Governing Law | Section 39(4) & 42(9) of the Companies Act, 2013 read with Rule 12 & 14 of the Act. |
| Purpose | To intimate the Registrar of Companies about the allotment of securities. |
In simpler terms, when a company allots new shares or other securities, it needs to inform the authorities using the PAS-3 form. This ensures transparency and compliance with the regulations outlined in the Companies Act, 2013.
