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Allotment of shares


HARISH BANSAL (student)     14 June 2014

HARISH BANSAL
student 
 11 likes  229 points

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Dear Users,

Pls let me know within how many days a Private Company has to allot the shares , if the Private company has recieved money for share application ?

Regards,

Harish Bansal

avater

Ankush Lawate (Company Secretary)     14 June 2014

Ankush Lawate
Company Secretary 
 3 likes  295 points

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Within 60 days from receipt of application company has to allot shares.

Previously this time limit was not applicable to private limited companies. Now it is applicable to both pvt and public ltd companies.

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HARISH BANSAL (student)     14 June 2014

HARISH BANSAL
student 
 11 likes  229 points

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Ankush, pls Quote the Sec in which it is written that co has to allot the shares within 60 days ?

avater

Vandana J Doshi (Practising Company Secretary)     16 June 2014

Vandana J Doshi
Practising Company Secretary 
 1976 likes  12557 points

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Hi Harish, check Sec 42 (6)....

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