Allotment of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2012
whether company can allot shares before receiving share application money in case of private placement in unlisted company
Ajay Mishra
(Expert)
11 April 2012
Hi
No, firstly share application money will be received, please read unlisted public companies (Preferential Allotment) Rules 2003 with amendment 2011 for the same.
No, firstly share application money will be received, please read unlisted public companies (Preferential Allotment) Rules 2003 with amendment 2011 for the same.
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