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Issue of shares after firc

(Querist) 08 February 2013 This query is : Resolved 
Dear all,

Can shares be issued to subscribers before receiving FIRC copy from bank. In one case, the bank has delayed in issuing FIRC. Is there any obligation to allot the shares only after receiving FIRC?

Members pls share your views.

Regards,
Sapna K
Report Abuse
R.K Nanda (Expert) 09 February 2013
state full facts.
Raj Kumar Makkad (Expert) 09 February 2013
This purely an academic query.

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