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A PRIVATE LIMITED COMPANY WISHES TO ALLOT SHARES AGAINST THE SHARE APPLICATION MONEY LYING WITH IT AS ON 31.03.2014. THE SAID AMOUNT WAS DISCLOSED AS DEPOSIT IN FORM DPT 4 FILED RECENTLY WITH THE MCA. WHILE SECTION 74 OF THE COMPANIES ACT HAD MANDATED REPAYMENT OF SUCH DEPOSIT BY 31.03.2015, ALLOTMENT OF SHARES AGAINST THEM WOULD AMOUNT TO REPAYMENT ? ALTERNATIVELY, SHOULD FRESH APPLICATION MONEY BE RAISED FOR FURTHER ISSUE OF SHARES?

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Posted By: Krishna kumar gaggar 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


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