Stay compliant with Professionals Law – trusted partner for PAS-6 data, certification, and MCA filing.
Introduction and Its Compliance
Form PAS-6 is a half-yearly compliance report required to be filed by all unlisted public companies in India as per Rule 9A(8) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. This report ensures that the share capital held in physical form is reconciled with the depository records, as mandated by the Ministry of Corporate Affairs (MCA). The form has to be certified by a Practicing Chartered Accountant or Company Secretary and need to be filed on half yearly basis for the half-year ending on the 31st day of March and the 30th day of September. Professionals Law supports in conducting the entire process of shareholder data collection, reconciliation with NSDL/CDSL data, preparation of form PAS-6, and its filing on MCA portal to enable accurate compliance with timeline for your unlisted public company.
Why It Is Needed
The MCA has made PAS-6 filing mandatory to promote transparency and dematerialisation among unlisted public companies. This helps prevent discrepancies in shareholding records and ensures that companies are progressively converting physical shareholding into electronic form. Filing PAS-6 also ensures compliance with the Companies (Prospectus and Allotment of Securities) Rules, thereby avoiding penalties and legal complications. Professionals Law guarantees your reconciliation will be done with precision and in accordance with depository protocol to keep your company in compliance and audit ready at all times.
Benefits and Advantages
Enhanced Transparency
Filing PAS-6 ensures proper reconciliation between physical and electronic shareholding, enhancing the accuracy of share capital records.
Regulatory Compliance
Helps companies fulfill MCA’s dematerialisation and filing mandates, avoiding legal non-compliance issues.
Improved Shareholder Trust
Builds confidence among shareholders by maintaining transparent and up-to-date records with depositories.
Penalty Avoidance
Timely filing of PAS-6 helps prevent MCA-imposed fines, prosecution or compliance notices.
Audit Preparedness
Maintains streamlined and verified records, aiding faster financial audits and regulatory reviews.
Eligibility Criteria
The following companies must file PAS-6:
- All Unlisted Public Companies
- Whose securities are held in dematerialised and/or physical form
- Regardless of the number of shareholders
- Applicable to both equity and preference shares
Note:
- Private Limited Companies and Listed Companies are not required to file PAS-6.
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Documents Required
Steps for Applying
Data Collection
Collect half-yearly shareholder data from company records and depositories.
Reconciliation Process
Match physical shares with electronic records using ISIN details.
Certificate Preparation
Obtain a certificate from a Practicing Chartered Accountant or Company Secretary.
Form Filing
Prepare and digitally sign Form PAS-6 on MCA portal with DSC.
Submission & Acknowledgment
File the form and retain SRN for future reference.
Frequently Asked Questions
Who needs to file Form PAS-6?
Is PAS-6 required for private limited companies?
What happens if PAS-6 is not filed?
What if there is no change in shareholding?
What is the role of Professionals Law in PAS-6?
Do we need an auditor’s certificate?
Can we revise PAS-6 once submitted?
Is PAS-6 applicable to preference shares?
How can Professionals Law help?
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