Share allotment
This query is : Resolved
12 February 2009
Is there any time limit for a Pvt ltd co to allot shares for application money received
13 February 2009
Nothing is mentioned in the Companies Act 1956. But after E-Filing has come we should allot the shares before closing the first Annual Accounts..Bcz in the E-Forms Paid up capital field is compulsory... For subsequent allotments no issues there is no time limit..
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