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Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2011 HOW MANY DAYS THE SHARE APPLICATION AMOUNT HELD BY THE COMPANY?

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Guest (Expert)

24 September 2011 Dear Frnd,

A Company needs to refund the Un allotted share application money with in 120 days, in case of rejection. After the fore mentioned period, the interest shall be charged @ 6.5 % per annum on pending share allotment money ( which was rejected ).

Besides, it could lead to Adverse remarks in case of un allotted amount !

Regards

Sriram R

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2011 THANK U FRIEND

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