Time limit of share allotment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2016 Dear All
Please let me know after receiving of share application money within how many days the company has to allot the share,

Regards
Arjun kumar

Jatin Bajaj

Jatin Bajaj (Expert)
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07 November 2016 allotment shall be made within 60 days of receipt of application money

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2016 Sir
Pls clarify will share application money contain the date of receipt by company,

Also clarify if company fails to allot the share in this scenario weather company can allot the share even after 2 month if yes any intetest/penalty will be levied on this allotment or not

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