Period for receiving subscription money from the subsribers
This query is : Resolved
04 January 2016
In how much time company has to receive subscription money from the the subscribers as per Companies Act, 2013? I believe there is no time period for it, however company has to issue share certificates within 2 months from the date of incorporation.
04 January 2016
Yes, you are correct. based on this, company needs to take subscription amount within 2 months, because without receiving money, company can not issue share certificate.
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