Share allotment and transfer

This query is : Resolved 

15 November 2015 DEAR PROFESSIONALS

PLZ HELP ME RESOLVE MY QUERIES

1.IS IT MANDATORY TO RECEIVE SHARE APPLICATION MONEY FROM SUBSCRIBERS TO MOA AND AOA BY CHEQUE,CAN WE TAKE IT IN CASH,

KINDLY RESOLVE

15 November 2015 The monies payable on subscription of securities shall not be in CASH.

Inference is corollary to section 42.



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