pvt ltd company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2010
can a pvt ltd company keep share application money for 5 years and refund it now after 5 years without alloting the shares. is there any time limit for issuing shares....
Aditya Maheshwari
(Expert)
18 September 2010
Yes he can refund now as there is no time limit to allot or return the share application as per companies act.
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