Swati Limited is intending to issue its securities on a private placement basis. Explain to the...

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Swati Limited is intending to issue its securities on a private placement basis. Explain to the directors of the company, the provisions of the Companies Act, 2013, on the following matters: i) the Meaning of Private Placement ii) the Time Limit for Allotment of Securities' and 'repayment of application money in case of default in the allotment. Swati Limited is intending to issue its securities on a private placement basis. Explain to the directors of the company, the provisions of the Companies Act, 2013, on the following matters: i) the Meaning of Private Placement ii) the Time Limit for Allotment of Securities' and 'repayment of application money in case of default in the allotment.