Allotment of shares
This query is : Resolved
19 July 2012
Dear All,
Can a private company or unlisted public company allot shares against cash received by it, or is it necessary to receive application money through cheque?
Regards,
Kalpana
Can a private company or unlisted public company allot shares against cash received by it, or is it necessary to receive application money through cheque?
Regards,
Kalpana
20 July 2012
It is recommended to receive the amount by cheque but it is not necessary. Shares can be issued against cash.
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