Dear Sir,
We have received the funds against share application money on 7th May 2014 and shares were allotted on 12th May 2014, however we are yet to file the return of allotment, can we use the funds received as share application money ?
Gargi Ranade (CS) (410 Points)
15 May 2014Dear Sir,
We have received the funds against share application money on 7th May 2014 and shares were allotted on 12th May 2014, however we are yet to file the return of allotment, can we use the funds received as share application money ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 15 May 2014
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