PAS-3 form is a necessary form required to be filed as per the Companies Act, 2013, Section 39(4) and Section 42(0), as well as per Rules 12 and 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
Filing the PAS-3 form helps the company provide complete information about the individuals to whom the shares have been issued by the company. This ensures that the company does not get involved in any kind of malpractice.
