Poonawalla fincorp
Poonawalla fincorp

Allotment

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2011 HELLO,

A Private limited Company is incorporated with 1 crore authorized and paid up capital but now Directors are not in position to deposit 1 Cr rupees .What can be the Consequences? Or tell me the way outs available.Thanks
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Ravikant

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Ravikant (Expert)
14 July 2011 Pass a resolution in first Board meeting giving some time to subscribers to deposit the money, till then keep the cap partly paid

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