Law · Corporate

Section 42 Companies Act — Private Placement

Issue of securities to selected group of persons — max 50 in one financial year. (Companies Act, 2013)

Type: noun Branch: Corporate Level: Intermediate Jurisdiction: India

Pronunciation: 🇺🇸 US/ˈsɛkʃən ˈkəmpəniz ækt ˈpraɪvət ˈpleɪsmənt/ 🇬🇧 UK/ˈsɛkʃən ˈkəmpəniz ækt ˈpraɪvət ˈpleɪsmənt/

Definition

Issue of securities to selected group of persons — max 50 in one financial year. (Companies Act, 2013)

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