Companies Act, 2017

PART-V

ALLOTMENT

From: 2023-11-01 - To: 0000-00-00 68. Repayment of money received for shares not allotted.- (1) Where a company issues any invitation to the public to subscribe for its shares or other securities, the company shall refund the money in the case of the unaccepted or unsuccessful applications within the time as may be specified. (2) If the refund required by sub-section (1) is not…