Can we invest 1 crore in a pvt ltd with asc of 1 lakh?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2018
Hi, please help in understanding if 1 crore or more can be invested in a pvt ltd where its ASC is 1 lakh only. Can each share of face value be acquired at a higher price or should we approach ROC to increase ASC to 1cr? TIA
02 September 2018
Approch ROC to increase ASC.
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