Filing of Forms PAS-4 and PAS-5 in case of issuance of debt securities on private placement basis
Summary
This circular mandates the electronic filing of Forms PAS-4 and PAS-5 for private placement debt securities. It requires these forms to be submitted in PDF format on a compact disc to SEBI. The directive is issued under Section 11(1) of the SEBI Act and Regulation 31 of the Debt Securities Regulations.
Text
Forms PAS-4 and PAS-5 shall be filed with SEBI in soft copy in PDF Format only, in a compact disc.
a company may make an offer or invitation to subscribe to securities through issue of a private placement offer letter in Form PAS-4.
The company shall maintain a complete record of private placement offers in Form PAS-5: Provided that a copy of such record along with the private placement offer letter in Form PAS-4 shall be filed with the Registrar... and where the company is listed, with the Securities and Exchange Board within a period of thirty days of circulation of the private placement offer letter.
Source: SecMarx — Filing of Forms PAS-4 and PAS-5 in case of issuance of debt securities on private placement basis. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.