shre application money
This query is : Resolved
26 July 2010
can any one tell me dat in a private limited co. treatment of excess share application money which has not been refunded & not transferred in investor protection fund.....is there any due date for allotment of share in pvt. co.after which it will be due for refund....?
mohinder kansal
(Expert)
26 July 2010
There is no date undre companies act for private limited company.
Ankur Garg
(Expert)
27 July 2010
Companies act is silent about any time limit. However it is advisable to allot shares against appl. money or refund the money.
Regards
Regards
27 July 2010
thanx sir.. bt cn u tell if refundable app. money neither refunded nor transferred to IPF
in that condition what r the provisions in case of pvt. co.
in that condition what r the provisions in case of pvt. co.
mohinder kansal
(Expert)
27 July 2010
There is nothing in act to regulate the amount in case of pvt. ltd. co. as already explained
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