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
Menu
Allotment of shares
Replies (3)
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.
Ankush, pls Quote the Sec in which it is written that co has to allot the shares within 60 days ?
Hi Harish,
check Sec 42 (6)....
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
