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Company Law | Can a Company Use Private Placement Money Before Filing PAS-3?

25 Sept 2026 · 1d agoBy CS Divesh GoyalSource: TaxGuru

Private placement money cannot be utilised until securities are allotted and PAS-3 is filed; premature use attracts penalty under Section 42. The post Can a Company Use Private Placement Money Before Filing PAS-3? appeared first on TaxGuru .

Attribution

Original credit: CS Divesh Goyal. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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