Understanding the Importance of Form PAS-6 for Share Capital Reconciliation

Understanding the Importance of Form PAS-6 for Share Capital Reconciliation

Introduction:

The process of reconciling share capital is vital for ensuring accuracy and transparency within a company’s financial records. Form PAS-6 serves as a crucial tool in this reconciliation process, particularly for unlisted public companies governed under specific regulations.

Overview of Form PAS-6:

The primary purpose of Form PAS-6 is to facilitate the submission of an audited report on the reconciliation of share capital to the Registrar of Companies. It focuses on unlisted public companies falling under rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Notably, certain types of unlisted public companies, such as Nidhi companies, government companies, and wholly-owned subsidiary companies, are exempt from this requirement.

Key Points of Form PAS-6:

Conclusion:

Form PAS-6 plays a critical role in facilitating the audit of share capital reconciliation for unlisted public companies, ensuring compliance with regulatory standards. Accuracy and thoroughness in completing this form are paramount, given its detailed requirements and implications involving third-party entities such as NSDL and/or CDSL.

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