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Cash Received for share Application Money

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(Querist)
29 January 2011 Can a pvt. ltd. company received cash for share application money & how much amount?
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Ravikant

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Ravikant (Expert)
30 January 2011 Yes it can receive, amount depends on the issued capital and number of members,
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
31 January 2011
For a private limited company, the minimum required share capital is Rs.1 lac while for public limited company it is Rs.5 lacs.

The Share application money can be received in cash.
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