Share application money
This query is : Resolved
Varsha Agarwal
(Querist)
18 October 2013
As in case of a Public company, is there a restriction on the use of share application money pending for allotment for a private company as well?
18 October 2013
Yes it can hold for unlimited time period share
application money whether received from
director or shareholder or outsider
application money whether received from
director or shareholder or outsider
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