can somebody please tell me whether a company can issue shares to a person if that person complains that he didnot received intimation of IPO of his company. can shares be issued later to him?
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 22 April 2011
Neha- Can you clear ur query ?
what do u mean by intimation of IPO ?
Once a person applied for IPO and didnt withdraw the application before the fixation of allotment- co can allot shares.
Gil Burt
(admin)
(38 Points)
Replied 20 September 2011
please say somethng mmore one how and what is the benefit of IPO
Anshu Shrivastava
(company secretary)
(143 Points)
Replied 24 April 2012
public is informed of the issue by way of advertisement in the newspapers as u must have seen.
The issue opens for a specific time and closes at a specified date.
during that time public subscribes for the issue.
after the closure of the issue shares for which application has not been made cant be allotted at a later stage.
CAclubindia
