Major amendment regarding share application money

Page no : 3

Akhil Banthiya (Senior consultant) (160 Points)
Replied 22 December 2011

Very usefull update

Thank you

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Nishi (CA Final Student) (190 Points)
Replied 22 December 2011

Thanx for sharing, its as recent amendments are very much needed for updation..........

(Guest)

What about the share application money already coming in the balance sheets of the Unlisted public Companies? Whether we have to refund that money with interest or allotment can be done now?

AMIT DIRGHANGI (CONSULTANT) (54 Points)
Replied 22 December 2011

Its really very useful thanks for that.

I have a problem with Share Application Money

In my newly joint Co. the Share Application Money still standing last more than Four year and could not find Details of applicant

Please help me regard this.

Thank you again for your attachment

RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 24 December 2011

Originally posted by : AMIT DIRGHANGI
	Its really very useful thanks for that. I have a problem with Share Application Money In my newly joint Co. the Share Application Money still standing last more than Four year and could not find Details of applicant Please help me regard this. Thank you again for your attachment

Law is silent about old app. money. However as per my understanding you should settle the amount as early as possible by allotment or refund.

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praveen (Practicing CA) (22 Points)
Replied 04 January 2012

Thanks for sharing the valuable information on time.

ROHIT CHATURVEDI (CA Final Student ) (2298 Points)
Replied 10 January 2012

thanks a lot for the informative post sir.........

ROHIT CHATURVEDI (CA Final Student ) (2298 Points)
Replied 10 January 2012

thanks a lot for the informative post sir.........

Mohammed (CS, Mcom, LLB) (857 Points)
Replied 14 February 2012

Whether the said rule will also be applicable to a private limited company?

My thinking is No. Please correct me and advice on the same

prakash (Company Secretary) (1352 Points)
Replied 14 February 2012

Thank you Mr.Richank for sharing of information about share application money .

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Anil Kumar Singh (A.M.FINANCE) (21 Points)
Replied 25 February 2012

Dear Sir,

Thanks for the up date.Tell me one thing " If unlisted Company is in receipt of Share application money prior to this notification then the 60 days period of allotment will prevail?"

(Guest)

Period of 60 days will not prevail in this case. Regards

(Guest)

What are the consequences and penalty for non compliance of Unlisted Public Companies (Preferential Allotment) Amendment Rules, 2011 ??

Manish (Senior Manager (CS & Legal)) (32 Points)
Replied 21 March 2012

These provisions are applicable for preferential allotment as per Section 81(1A). it will not be applicable for rights issue which will be under Section 81(1). Am i right?