28 February 2013
1.Please let me know that can the share application money be used for any purpose (e.g, payment to creditors) before allotment of shares in a private limited co? 2.An unlisted Company(Pvt. Or closely held Ltd Co.) received share application money from its promoters/directors. can any one please let me know what is the time limit for allotment of shares against the application money received.
CAclubindia
