Share Application Money
Badal Shukla (Article Assistant) (29 Points)
21 February 2019
Treatment and penalty of Share Application Money not refunded since 1, 2, 3, 4, 5 and more years.
2 Replies
Sarath Rajendran
(Nil)
(2791 Points)
Replied 21 February 2019
Refund application money along with interest @ 12% p.a. after the expiry of 60 days, and It shall be treated as a public deposit after the expiry of the said 15 days.
Badal Shukla
(Article Assistant)
(29 Points)
Replied 21 February 2019
thanks for replying on my query
I'll surely do that, but some amount is pending from 2006, should I calculate interest from 2006, or from when companies act, 2013 comes in force.
And is there any penalty for non compliance on this?
I'll surely do that, but some amount is pending from 2006, should I calculate interest from 2006, or from when companies act, 2013 comes in force.
And is there any penalty for non compliance on this?
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