Share Application money

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Can any one please guide me, for how much time a Company can keep money in Share Application account pending allotment, both in case of listed and unlisted companies. Is there any restriction of 6 months, after which Company has to treat it as deposit and pay interest on it. If there are any such guidlines, please tell from where I can get the same
 

Replies (8)

 

Dear Mr. Rajeev

 

I think this attachment regarding share application will help you.

 

 

Regards

Mr. Ajay Mishra

The disussion is very good and clarifies a lot.

thanks

Malav

Thanks sir..

Dear Mr Ajay Misra

Thanks sir... very useful discussion

Thanks for the attachment Mr. Mishra.

Thank u Ajay Sir

Mr. Ajay..The note on share application money is great.

Thanks sir,

For Providing Such Good Explanation

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