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pvt ltd company

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2010 can a pvt ltd company keep share application money for 5 years and refund it now after 5 years without alloting the shares. is there any time limit for issuing shares....
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 September 2010 Yes he can refund now as there is no time limit to allot or return the share application as per companies act.

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