Application money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2011
can you tell me a procedure as per companies act 1956 if balance in share application money remains open for more than 8years.
11 December 2011
company law is silent about treatment of app money.
Ideally it should be refunded or allotment should be done against this money.
After allotment file form 2 with roc.
Ideally it should be refunded or allotment should be done against this money.
After allotment file form 2 with roc.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2011
as per sec 205C of companies act it should be transfer to Investor education and protection fund after 7years.
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