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Unlisted company (preferential allotment) amendment rules

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(Querist)
20 January 2012 Kindly let me know in relation to the Unlisted Company (Preferential Allotment) amendment rules, 2011, the time limit of 60 days for preferential allotment will start from the date of offer for preferential allotment by the Company or from the date recieving of the share application money recieved from the shareholders?

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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
20 January 2012 The time limit of 60 days will start from the date of receipt of application money.
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