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allotment of shares

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(Querist)
13 September 2008 what is the time limit for allotment of shares when the pvt co has recd the application money . whether the co can file return of co return with application money recd
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
14 September 2008 The time limit for allotment (in the case of a pvt ltd. company)is, before the utilisation of the application money if the terms of application are silent in that regard.
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