Allotment of shares
This query is : Resolved
RAJNI AGGARWAL
(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.
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.
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.
Other views invited.
Other views invited.
RAJNI AGGARWAL
(Querist)
19 May 2015
thanks for the reply....
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