Share application money remaining unadjusted more than 6 yea

I  want to know whether i should up load particulars in MCA portals with respect to 
SHAREAPPLICATION MONEYRECEIVED REMAING UNADJUSTED in Balancesheet
for more than  SIX YEARS
IN A PRIVATE  LTD  COMPANY  having  paid up share capital of Rs  1000000 (Tenlacs)
IN TERMS of sec 205c of the Companies Act.
 
I understand that there is no  time limit for   Pvt coy  with respect to utilisation of    shareapplication money received.
However  MCA have sent mail   instructing us to upload  in terms of  INVESTOR EDUCATION PROTECTION FUND RULES2012.
 
PLEASE ADVISE. MATTER MOST URGENT
 
Regards
 
M.Thangaraju-mthangaraju @ yahoomail.com
Replies (1)

Offer for allotment of shares must be a.ccepted by Board within reasonable period by passing resolution for allotment.  Six  months  period is very unreasonable and MCA is right in sending such mail.  You can immediately allot shares, file Form 2 and reply to MCA accordingly.  Else you will have to file Form 5INV.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Follow