The time period is not defined for subscriber to the memorandum. Section 113 will apply only on allotment of shares. On the basis of this section you can issue share certificate with in 90 days from the date of registration.
01 August 2012
Please refer Section 113 of the Companies Act 1956.
It says-
Every company, unless prohibited by any provision of law or of any order of any Court, tribunal or other authority, shall, within three months after the allotment of any of its shares, debentures or debenture stock, and within two months after the application for the registration of the transfer of any such shares, debentures or debenture stock, deliver, in accordance with the procedure laid down in section 53, the certificates of all shares, debentures and certificates of debenture stocks allotted or transferred
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