Reg:share allotment URGENT!!!
This query is : Resolved
22 January 2010
Please clarify.....
When the share are subscribed for in a private company, is it necessary that the date of allotment of the shares shall be the date of subscription of shares only???
Regards
Priya Sharma
When the share are subscribed for in a private company, is it necessary that the date of allotment of the shares shall be the date of subscription of shares only???
Regards
Priya Sharma
22 January 2010
Ms Priya,
No it is not necessary that the date of subscription will be the date of allotment. As and when the company receives the subscription the company in its board meeting decides to whom the shares will be alloted and what will be the date of allotment subject to Companies act.
No it is not necessary that the date of subscription will be the date of allotment. As and when the company receives the subscription the company in its board meeting decides to whom the shares will be alloted and what will be the date of allotment subject to Companies act.
22 January 2010
But I came to know that the date of subscritption of the shares will only be the date of share allotment.
Can you provide me the specific provision for your reply.
Thanks
Priya Sharma
Can you provide me the specific provision for your reply.
Thanks
Priya Sharma
22 January 2010
Priya
There is no specific provision in this regard. But one simple concept is that when the subscription were received in different dates than how the company deals with this. That's why the co hold the board meeting at decide the date of allotment
There is no specific provision in this regard. But one simple concept is that when the subscription were received in different dates than how the company deals with this. That's why the co hold the board meeting at decide the date of allotment
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- REGARDING GST ON COMMERICIAL PROPERTY
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- TDS NUMBER SURRENDER
- GST rate for millets.
- What is paid meaning under form
- Consequences of short and excess provision of expenses
- Provision for income tax and adjustment entry
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
