Penal provison regard of pvt. co.

Pvt ltd 462 views 1 replies

WHAT ARE THE PENAL PROVISON FOR PVT. LTD. COMPANY WHO UTILISED SHARE APPLICATION MONEY WITHOUT ALLOTING SHARES. 

Replies (1)

Companies Act is silent regarding this. The amendment which came in December, 2011 was for unlisted public company. Hence the situation in private company remains the same.


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