As per the provisions of Companies Act 2013, the shares are required to be allotted after the company has received share application money. The Companies Act 2013 also provides for time limits within which shares are to be allotted and in case of non-allotment of shares, the share application money is required to be refunded within the stipulated time by the Act.As per the provisions of Companies Act 2013, the shares are required to be allotted after the company has received share application money. The Companies Act 2013 also provides for time limits within which shares are to be allotted and in case of non-allotment of shares, the share application money is required to be refunded within the stipulated time by the Act.taxmann.com Latest ArticlesRead More
