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Refund of shaare application money

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(Querist)
21 December 2010 Dear Sir

A private limited company has refunded the share application money to its recipients.

What would be the compliance part that has to be carried out by the company?

Regards
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 December 2010 update the share application register.
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Kislay Prasad Sinha

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Kislay Prasad Sinha (Querist)
21 December 2010 Hi Aditya Sir,

Thanks for the reply.

No there compliance required like intimation to the applicant and others.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 December 2010 Yes u have to intimate the applicants for the refund.

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