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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Payment to foreign customer
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Subscription paid to foreign customer
- Non issue of e way bill
- ECO SUPPLY REPORTIONG IN GSTR-1
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Refund of 20%pre-deposit paid for stay application
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
