Application money

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Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2014 I would like to know the period for which I can keep money received as application money as per Cos Act,2013

Bhaskaran Chackrapani Warrier (Expert)
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21 September 2014 60 days. Inference is from Sections 62, 42 of 2013 act and Rule 13 of Companies (Share Capital and Debentures) Rules, 2014.

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