Topic :-Fund raising through Private Placement? Know your Compliances and automate them!

Brief:-

Section 42 of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules, 2014, prescribes the procedure under which companies shall issue private placement offer and application. Contravention of these rules results in a penalty on the company, its promoters and directors equivalent to the amount raised through the private placement or Rs. 2 crore, whichever is lower, and the company also needs to refund all monies raised with interest to the investors. Since this is a critical procedure where investor interests are also involved, particular attention is required to ensure that the Company can raise the additional funds while at the same time managing compliance of these rules. 

Please join us on May 25th, 2023 at 4 PM for a session on how Automation helps not only with compliance of private placement Rules but also to generate the documents necessary for such compliance. The CimplyFive Team will demonstrate the product: BLISSPLUS and how it can achieve this.

What will be discussed:-

• Requirements to be taken care of for Private Placement of as per Companies Act, 2013 and Companies (Prospectus and Allotment of Securities) Rules, 2014.
• How automation can help in eliminating the clerical components of preparing PAS-4 or PAS-5 for each investor and tracking compliances associated with it.