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CS Executive · Capital Market and Securities Laws · Issue and Listing of Non-Convertible Securities

Kaveri Power Ltd allotted NCDs by private placement on 10 June. By which date must it file the return of allotment with the Registrar under section 42 of the Companies Act, 2013?

The return of allotment must be filed with the Registrar within fifteen days from the date of allotment, along with the complete list of allottees giving names, addresses and number of securities allotted.

  1. AWithin thirty days from 10 June
  2. BWithin sixty days from 10 June
  3. CWithin fifteen days from 10 JuneCorrect
  4. DWithin seven days from 10 June

Explanation

Section 42(8) requires the return of allotment, with a complete list of allottees, to be filed within fifteen days from the date of allotment. Thirty and sixty days are incorrect periods; sixty days relates to allotment after receiving application money.

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