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Private company

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(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, not specified any time period for allotment of shares. In case of FDI the time period is 180days from the date of receiving of money.


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