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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..... Circulars - Companies Law - Letter : No. 8/81/58 ‑ PR, dated 17 ‑ 10 ‑ 1958 SECTIONS 81 , 88 94 Further issue of capital. Subject:- Share Capital - Furth .....

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..... be taken as the one on which shares, being part of the 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 compan .....

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