MCA has issued Notification on 14th December regarding invitation and allotment of securities
According to that Shares should be alloted with in 60 days from the date receipt of share application money by the unlised public companies.
our client has received share application money before the date of this notification.
Please suggest whether these notification applicable to my client or not ?
If applicable the time limit of 60days will be counted from the date of Notification ?
CAclubindia
