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Unlisted public companies (prefrential allotment) amendment

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2012 Whether the time limit of 60 days for allotment of shares from the date of receipt of application is applicable to share application money taken prior to the notification came into effect??
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Ajay Mishra

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Ajay Mishra (Expert)
04 July 2012 Hi

This will be applicable from the date of notification and not before the notification. Notification is silent about the treatment of share application money received before the notification.
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