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application money by subscribers of the memorandum

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(Querist)
27 April 2016 within what period subscribers of the memorandum required to bring in application money in the company ??
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
28 April 2016 As per Section 56(4)(a) of the Companies Act, 2013 every company is required to allot and deliver share certificate to all subscribers to the memorandum of association within 2 months from the date of incorporation
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