Share application money in cash
This query is : Resolved
27 April 2012
can share application money can be received in cash by the pvt ltd cos..if not thn how much is the limit...?
27 April 2012
there is no limit. A company can receive any amount of share application money in cash.
The problem is on the part of person paying the cash. He should be in position to show the source.
Also to be a safer side not advisable to pay cash in excess of Rs. 20,000/-
The problem is on the part of person paying the cash. He should be in position to show the source.
Also to be a safer side not advisable to pay cash in excess of Rs. 20,000/-
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28 April 2012
thankz a lot sir. Is there any restriction for partly paid up shares.? I mean its upto Company whether they want to call whole full amount of shares or keep it party paid..?
28 April 2012
Its a call of comapany, whatever they want to call as share capital, the remain will be uncalled.
The private limited co. can decide in board meeting when and how much to call the share capital money.
The private limited co. can decide in board meeting when and how much to call the share capital money.
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28 April 2012
thank u so much sir..
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