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Share certificate allotment

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(Querist)
30 March 2017 what if company fails to receive subscription money within 60 days and fails to issue share certificate within 60 days.

Read more at: https://www.caclubindia.com/experts/subscription-of-moa-2457329.asp
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 March 2017 Can be penalized as under -

(i) Company: – Rs. 25,000/- to Rs,5,00,000/-
(ii) Officer :- Rs.10,000/- to Rs.1,00,000/-
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Yash Shah

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Yash Shah (Querist)
30 March 2017 For Compounding this to whom we need to apply?
Any specific form is available or not?
Which provision covered procedure for the same




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