Mca notification dt 14th dec 2011
This query is : Resolved
Miteshwar Mahajan
(Querist)
20 December 2011
Dear All,
Through MCA Notification dated December 14, 2011 Ministry of Corporate Affairs has amended the Unlisted Public Companies (Preferential Allotment) Rules, 2003.
According to which now shares has to allot within 60 days from the date of receipt of share application money.
Now in case of FDI, as per FEMA & RBI provisions, shares allotment has to be done with in 180 days from the date of receipt.
Please advice what need to be done in case of FDI in present situation.
Through MCA Notification dated December 14, 2011 Ministry of Corporate Affairs has amended the Unlisted Public Companies (Preferential Allotment) Rules, 2003.
According to which now shares has to allot within 60 days from the date of receipt of share application money.
Now in case of FDI, as per FEMA & RBI provisions, shares allotment has to be done with in 180 days from the date of receipt.
Please advice what need to be done in case of FDI in present situation.
Miteshwar Mahajan
(Querist)
20 January 2012
Dear Professional friends...can any one reply on this. I doubt that none of us have not come across with such situation.
Dhirajlal Rambhia
(Expert)
20 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Capital gains in IT returns
- Import Order Cancelled.
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
