Allotment of can be done before receipt of Money
This query is : Resolved
Manoj Rajput
(Querist)
24 May 2020
Dear Expert,
I want to know in case of Preferential allotment Share can be allotted before receipt of Money from foreign investee, if company do so what are the consequences and also company is in the process of filing FCGPR and bank raised objection on allotment of Share before receipt of money. What can a company do now to file FCGPR validly.
I want to know in case of Preferential allotment Share can be allotted before receipt of Money from foreign investee, if company do so what are the consequences and also company is in the process of filing FCGPR and bank raised objection on allotment of Share before receipt of money. What can a company do now to file FCGPR validly.
25 May 2020
It is not safe to allot shares before receipt of money.
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