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Querist : Anonymous
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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
Querist : Anonymous
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