Dear all,
I woud like to know if there is any time limit defined for first allotment of shares to subscribers after incorporation of a new public limited company. Please guide both for Companies Act, 1956 and Companies Act, 2013.
Mayuri (Company Secretary) (33 Points)
16 April 2014Dear all,
I woud like to know if there is any time limit defined for first allotment of shares to subscribers after incorporation of a new public limited company. Please guide both for Companies Act, 1956 and Companies Act, 2013.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 16 April 2014
Refer Sec.11.
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