Adjustment of Share Application Money

Notification: Well as per New Companies Act, 2013 new provision has been implemented regarding the Share Application Money, pending for allotment. ¬†As per¬†Section 42(6) of the Companies Act, 2013, “any allotment of securities shall be made within 60 days from the receipt of application money and in case the company is not able to allot … Continue reading Adjustment of Share Application Money