Allotment of Shares in a Farmer Producer Company
This query is : Resolved
14 April 2020
A Farmer Producer Company is newly incorporated and is continuously receiving share application money from members. How many times in a year, shares can be allotted to members. Is there any restriction with regard to receipt of share application money or issue of shares to its members with whom share application money is received.
14 June 2020
There are no restriction but you can not issue Share more then the authorized share capital as per AOA & MOU
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