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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2011 HOW MANY DAYS THE SHARE APPLICATION AMOUNT HELD BY THE COMPANY?
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24 September 2011 Dear Frnd,

A Company needs to refund the Un allotted share application money with in 120 days, in case of rejection. After the fore mentioned period, the interest shall be charged @ 6.5 % per annum on pending share allotment money ( which was rejected ).


Besides, it could lead to Adverse remarks in case of un allotted amount !

Regards


Sriram R
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2011 THANK U FRIEND
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