What happen if a subscriber to MOA denies to take share?
Menu
Subscriber to MOA
Replies (2)
he can not deny to take shares but he can transfer those at the very same day...but at one time he has to debit his bank amount with the amount of shares..
there is no provision in the law of denial...but this can be the remedy
| Originally posted by :Shiburaj K | ||
| " |
Tell him he will be perpetually liable for the amount. The best way is to get a Form 7B executed by him and find some other person who can bring money to take up his shares. The other way is to file a civil suit |
" |
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
