Allotment of shares

What is the minimum time limit for allotment of shares in case of an unlisted public company or a private company???

In my case the private co has received share application money of Rs. 20 crores on 30.09.2009 out of which it has alloted share worth Rs. 17 crores only on 30.01.2011. Is there any time limit within which we should allot the remaining  shares also?

Kinldy also quote the provision of companies act, if any

Regards

Replies (4)

there is no specific time limit for allotment of shares. Only thing is that the allotment should be made within a reasonable time., say an year. Further, the law is silent reg the minimum time limit for allotment of shares.

There is not any specific time limit for allotment but you may take 180days from the date of receipt of allication money for safer side

There is not any specific time limit for allotment but you may take 180days from the date of receipt of allication money for safer side

Originally posted by : valji

Public company is required to do allotment in 60 days

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details