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Share allotment money

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2016 Dear Experts
Pls clarify weather A pvt. Company can accept the share money after 6 month of share allotment or is it mandatory to accept the money at time of share allotment,

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Mukesh
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
23 November 2016 No.

Company can't allot the shares before accepting share application money.

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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
23 November 2016 No.

Company can't allot the shares before accepting share application money.

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