Allotment after 60 days

    Posted By : CS Gaurav / Published on : 30-Dec-2018 02:08 PM / View : 119 / Comment : 0
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    Dear Professionals,

    A public Limited company incorporated on 8/11/18.

    The company got ISIN and appointed RTA within a month, but due to nonavailability of demate account of the subscriber, it will take some more time for allotment.

    My query is:

    1) if the allotment will take place after 60 days, in this case, will be treated as non-compliance?

    2) what are the remedies for this?
    Read more on : days after allotment

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