MCA introduces Form LEAP-1 w.e.f 24th Jan 2024 - Finance Ppl

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MCA introduces Form LEAP-1 w.e.f 24th Jan 2024

About the Form:

The form captures details in three sections. The descriptive information relating to those three sections are discussed below.

Section I: Company Information
  1. Basic details like CIN, Name and address of company.
  2. Purpose of application(which pre-filled field)
  3. Details of prospectus: Date the prospectus was submitted to SEBI/relevant stock exchange for approval and date of approval of prospectus by them.
  4. Whether there is any pending inspection/ investigation/enquiry ordered against the company under the Act.
Section II : Attachments
  1. Copy of Approved prospectus
  2. Copy of the approval letter/approval document from SEBI/Relevant stock exchange.
  3. Copy of acknowledgement of filing prospectus.
Section III: Declaration and Certification
  1. Declaration signed by authorized director confirming the accuracy, completeness and adherence to relevant regulations.
  2. Certification signed by practicing professional that they have verified the truth and completeness of information given in the form
Due date for filing:

The company shall file the prospectus in e-Form LEAP-1 along with the fees within a period of 7 after the same has been finalised and filed in the permitted exchange. The fees associated with filing the LEAP-1 Form depend on the company’s nominal share capital and there's also penalty fees for late filing.