Time gap between two allotment

[Anil Roy]

Dear All,

We have made a allotment of shares in Jul'11 and want to issue further shares. Cat it's possible if no than what is the time gap between two allotment.

[CA Rachit Agarwal]

There is no time gap in the allotment of two allotments in case of non listed company as per Section 81 of Companies Act, 1956.

 

 

[Anil Roy]

Dear Sir,

Thank you very much

Anil Roy

AI Summary

No mandated time gap for non-listed companies to issue shares after initial allotment under Section 81, Companies Act 1956. A participant in a discussion forum inquired about the possibility and required time gap for issuing further shares after an initial allotment in July 2011. A respondent clarified that for non-listed companies, there is no mandated time gap between two allotments according to Section 81 of the Companies Act, 1956. The inquirer expressed gratitude for the provided information.