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    Delay in allotment of shares to subscribers

    Posted By : Neetu Chauhan / Published on : 26-Oct-2021 05:33 AM / View : 765 / Comment : 0

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    Dear professionals,

    Happy Morning!

    As per the provisions of section 56 of Companies act 2013 allotment of shares to subscribers of MOA is to be made within 60 days from the date of incorporation. What are the consequences if such allotment is not made within time frame apart from monetary penalty imposed therein.

    Read more on : subscribers shares allotment delay

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