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Share Application Money

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(Querist)
09 May 2009 Can we use Share Application Money before allotment of shares?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
09 May 2009 NO you cannot use the share application money before allotment of shares. The reason being until the shares are alloted it will not become the company money.
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Dimple

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Dimple (Querist)
09 May 2009 thank you for solving my query
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Ankur Garg

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Ankur Garg (Expert)
10 May 2009 Agree with the Answer above.

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