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
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Share Application money
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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