time limit for allotment of shares to Subscriber of MoA
This query is : Resolved
24 October 2008
Respected Sir,
with in what time after the incorporation of company the shares to be alloted to the subscriber to MoA and AoA.
with in what time after the incorporation of company the shares to be alloted to the subscriber to MoA and AoA.
S.Srinivasaraghavan
(Expert)
24 October 2008
THere is no separate allotment to the subscribers. By virtue of being signatories to MOA they are already shareholders. You have to only issue certificate as a formality.
24 October 2008
Fully agree with the above view.
25 October 2008
As and when the company is incorporated the share application money towards the shares undertaken at the time of subscription to the MOA should flow to the company and shares issued in reasonable time.
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