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Company law

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2012 pls tell me the stipulated time under which a private company must allot its shares to the members who have invested their money in the shares?
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Ajay Mishra

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Ajay Mishra (Expert)
18 July 2012 Hi


The Companies Act, does not provide any time period up to which shares are allotted. If FDI is involve then allotment is made with in 180 days from the date of receiving of money.
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