Subscription money


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 October 2015 what is time limit of receive subscription money by private limited company?
please if know give applicable section also

Pratik Shah (Expert)
27 October 2015 There is no provision which directly talks about time limit for subscription money.
However, Section 56(4)(a) makes it mandatory for a company to issue share certificates within 2 months from the date of incorporation. The Company can not issue share certificates without receiving money.

Hence, based on this section, the company should receive subscription money within 2 months from the date of incorporation.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 October 2015 THANKS MR. PRATIK SHAH


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details