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Share allotment

This query is : Resolved 
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(Querist)
12 February 2009 Is there any time limit for a Pvt ltd co to allot shares for application money received
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
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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Geetha

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Geetha (Querist)
16 February 2009 Thank you
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