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![Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116689-share-allotment-before-receipt-application-money-violates-mca-imposes-penalty-company-directors.webp "Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]")
Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]
The Ministry of Corporate Affairs (MCA) has imposed penalties on a company and its directors for Section 42(10) of the Companies Act, 2013, relating...
