13 November 2009
What is the time frame for geting subscripttion money from the shareholders for incorporation of the company?? or even after the incorporation of money?
Please do reply with either supporting case or law.
13 November 2009
Within 30days from the formation of the company. To my knowledge there is no case law. But practically you have to conduct first board meeting within 30days from the date of incorporation there one subject should be allotment of shares for subscribers.
CAclubindia
