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Allotment of shares

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(Querist)
13 May 2014 Is there any time limit for allotment of Shares in case of Private Company after receipt of Application Money.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 May 2014 yes. please refer section 42 of companies act 2013
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CS Vasudev Sharma

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CS Vasudev Sharma (Querist)
14 May 2014 I think that this section is not applicable on Private Companies.




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