Share aplication pending allotement

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ATUL U ANAVEKAR (Querist)
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06 June 2012 If a Pvt Ltd company recieves share application money.. Is there any deadline within which the share should be alloted.

Secondly, is there any deadline to file Form 5 after allotement of shares

Ajay Mishra

Ajay Mishra (Expert)
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06 June 2012 Hi

In case of private limited company there is no restriction for holding share application money in a company but you must shows the details of share application money in Balance Sheet as per revised Schedule VI.

There is no need to file Form -5, in this case Form-2 will be filed within 30 days if allotment is made. If you want to hold share application money with company there is no need to file Form-2 with ROC.

Regards

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