Sec.149(1)

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Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2012 Anyone pls explain in detail clause c of Sec.149(1) of Companies Act

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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15 September 2012 A company having a share capital has issued a prospectus inviting the public to subscribe for its shares can commence any business or exercise if nothing is liable to be repaid to applicants for any shares or debentures on account of failure to apply for listing of shares.

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 Thank u so much for your reply...

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