Hi i Am cs executive student & I have doubt in this question.. please help me
Q) If A company receives a cheque towards the share application money & on the same day, the BOD alloted & filed necessary returns & issued the share certificate. the cheque subsequently deposited with the bank which bounced. what will be the provisions applicable & consequences???
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Share application
Replies (1)
co will cancel share certificate and intimate to holder thereof .
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