Share appli money accepted years before no allotment made
This query is : Resolved
06 November 2018
what consequences may follow under it act and under companies act
06 November 2018
That amount will be treated as public deposit accepted by the company without
complying the rules of The Companies (Acceptance of deposits) Rules, 2014
and, accordingly ,penal consequences per the said rules will follow.
complying the rules of The Companies (Acceptance of deposits) Rules, 2014
and, accordingly ,penal consequences per the said rules will follow.
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