WHEN A COMPANY CAN ISSUE ITS 1ST IPO(MENTION TIME LIMIT)?
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 05 June 2012
Private Company can issue first time equity shares to its Subscriber only through passing Board resolution in Board Meeting.
Within 3 month of the allotment of share to subscriber , share certificate must be issued .
CAclubindia
