Share Capital - Further Issue Whether one year period should be counted from the date on which shares are allotted for first time

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..... nies Law
Letter : No. 8/81/58‑PR, dated 17‑10‑1958 SECTIONS 81, 88 & 94 Further issue of capital. Subject:- Share Capital - Further Issue ‑ Whether one year period shoul .....

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..... e issue, are allotted for the first time ? Answer : The "one year" specified in the section is to be counted from the date on which the company has allotted any share for the first time.
Circular .....

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