Private placement offer letter

prakash (Company Secretary) (1352 Points)

31 August 2014  

Dear All,

After circulation of private placement offer letter, what is maximum time for making application by applicant for allotment of shares?

I have gone through provision of section 42 of the Companies Act, 2013 and rule made under, i could not find any timeframe for making application by applicant after circulation of private placement offer letter, experts opinion is solicited.