Share application money peding allotment
This query is : Resolved
11 November 2010
How many days an existing pvt limited company can keep the share application money received without allotment of shares.
11 November 2010
There is no limit as per compaies act. however shares should be allotted within a period of six months.
Message likes :
1 times
11 November 2010
Agreed with Mr. Aditya..... However there is no prescribed time limit under the Companies Act, 1956 but the period of 6 months as quoted by Mr. Aditya is prescribed in the FDI Circular issued by the Reserve Bank of India on 01.07.2010 for a sunset period of 1 year and needless to say applies only to the share application money received from outside india.......
Views of eminent experts are welcome.....
Best Regards
Udit Sharma
Views of eminent experts are welcome.....
Best Regards
Udit Sharma
Message likes :
1 times
11 November 2010
Thanks for your reply sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Scrutiny assessments u/s 143(2) for AY 25-26
- One Post a Week Done Right Beats Seven Done Wrong
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
