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Refund of share application money of a private ltd co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2012 Sir,

please give the information about is Board meeting is required for refund of share application money of Pvt Ltd because amendments are silent with respect to refund of share application money of Pvt Ltd.

regards

Praveen
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Ajay Mishra

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Ajay Mishra (Expert)
21 November 2012 Hi

Yes, Board meeting is required to refund the share application money and meeting will also discussed that the reasons for not alloting shares or why the company are refunding the application money.
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