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Allotment of shares

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(Querist)
15 April 2015 Dear Sir

Please tell me the step wise procedure for allotment of shares in a pvt company. whether we will have to open a seperate account for application money? can't we deposit the amount in the bank account of the company.
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
16 April 2015 In case or Rights Issue, no need to open new bank account for share application money. In case of private placement you need to open separate bank account.

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RAJNI AGGARWAL

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RAJNI AGGARWAL (Querist)
19 May 2015 thanks for the reply....
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