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Private Placement

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(Querist)
26 May 2010 Is there is any restriction/cap on the private placement in case of unlisted public limited company?For how many years unlisted Public limited company can hold share application money and show in the balance sheet without allotment of shares?
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Rasesh

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Rasesh (Expert)
26 May 2010 There is not such limit. For any number of years, the amount can be shown as allotment money.

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