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As per the notified Rule 14 (3) the Company is under obligation to dispatch the PAS – 4 within 30 days to the person to whom the offer is made and earlier it was that Company shall report to the Registrar about such dispatch which is no longer available in this notified Section and now there is no requirement of filing PAS 4 along with PAS 5 to the Registrar of Companies in the form GNL-2. Sub section 3 reproduced below:
A private placement offer cum application letter shall be in the form of an application in Form PAS-4 serially numbered and addressed specifically to the person to whom the offer is made and shall be sent to him, either in writing or in electronic mode, within thirty days of recording the name of such person pursuant to sub-section (3) of section 42.
Regards
Kirti