Share application/allotment money

Nope...can not receive share application/allotment money after allotment of shares.

I think it will be irregular allotment and will be voidable at the option of members, ROC can impose penalties on the concerned directors and officials.

Regards

Jaideep Pandya

agree with above

no                                                                            

Me too agree with Jaideep

Agree with Jaideep Sir..............

I also agree with above view but I have no Practical experience regarding formation of Co. because in the case of subscriber they become the member of the Co. And generally they are also the promoter of Co.

I have not found any provision in this respect in company law in case of pvt. co.

U have to post this query in expert section

Originally posted by : prabhavathy
	Can a private limited company receive share application/allotment money after allotment of shares. What will be the implication

NOT POSSIBLE.

very well answered by jaideep sir

cheers