Time limit of share allotment

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2016 Dear All
Please let me know after receiving of share application money within how many days the company has to allot the share,

Regards
Arjun kumar

07 November 2016 allotment shall be made within 60 days of receipt of application money

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2016 Sir
Pls clarify will share application money contain the date of receipt by company,

Also clarify if company fails to allot the share in this scenario weather company can allot the share even after 2 month if yes any intetest/penalty will be levied on this allotment or not


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