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Share application money pending allotment as companies act 2013.

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(Querist)
24 July 2014 This is unlisted private limited company, we have keeping sum share application money pending allotment , What we can do?We will refund the money ? Or keeping the money ?What the rules the above question .
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
25 July 2014 please refer section 42 alongwith 73 and 74...

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