17 October 2017
1. Allotment shall be done within 60 days of receipt of application money. If allotment is not done within 60 days then refund the whole application money within next 15 days. Refund application money along with interest @12% p.a. after the expiry of 60 days, and·It shall be treated as a public deposit after the expiry of the said 15 days. 2. File the details of monies so accepted to the Registrar in Form DPT 3 duly certified by its statutory auditor
17 October 2017
Shall the situation be same for a Pvt. Ltd. company also?
bcoz as per my knowledge and reading of the act, this provision shall apply only to public Ltd companies
CAclubindia
