Share application time limit

YASH MEHTA (article) (114 Points)

27 September 2013  

Dear All,

 

Please answer to the following query :

 

In this case, the company has alloted the shares prior to receiving application money ie a case of deemed allotment. 

Now, application money of the allotees recieved post allotment are to be deposited in bank account within how many days?

Please clarify.

Thanks in Advance

 

Regards,

Yash