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 time gap for share allotments permits successive issuances by non-listed companies under company law provisions. No time gap is required between successive share allotments for non listed companies. Successive allotments may be made without a prescribed interval, subject to compliance with the Companies Act and applicable procedural and internal corporate approval requirements.