How much time takeing for allotment of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2013
Dear Professionals please tell me the query of time limit for allotment of shares
1. Share money fully received from share subscribers
2. there is any restriction for allotment of shares
Dear Professionals please tell me the query of time limit for allotment of shares
1. Share money fully received from share subscribers
2. there is any restriction for allotment of shares
24 October 2013
there is no restriction. But you need to explain reasons for delay in allotting shares.
Further, the share applicant is foreign person, then shares need to be allotted within 6 months. else, you need to refund the whole of the amount.
Further, the share applicant is foreign person, then shares need to be allotted within 6 months. else, you need to refund the whole of the amount.
24 October 2013
If the subscriber is non-resident time limit as per FEMA has to be followed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- GST ISD Query on various AMCs
- ITR 44AD SECTION
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
