Regarding first time of superscription of equity shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2014 Respected sir,

i have a query regarding first subscription of equity shares . when the co. issue share to the subscriber at the time of incorporation how many days the subscriber will paid the fully amt of shares to co. after incorporation of the company,

thanks

CS JAY GOHIL

CS JAY GOHIL (Expert)
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17 September 2014 subscription amount is to be paid at time of incorporation of co. it is a starting amount no time limit prescribed in law. but it is advisable to pay with in 5 to 10 days