Allotment of shares

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In how many days should allotment of shares be completed after receiving application money??
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 Issue Notice for convening the Board Meeting for Allotment of shares within 60 days of receipt of share application money and in the Board Meeting pass the resolution for allotment and issue of shares 

 

Allotment shall be made within 60 days of receiving the share application money and  share certificates shall be made within 60 days of allotment of shares and stamp duty shall be paid within 30 days of issue of share certificates

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