Yes, you can paid consideration in cash for purchase of shares. But as per new rule you can made purchase shares only upto Rs. 50000/- in a financial year.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
23 January 2013
Dear Sir, Kindly refer the rule mentioned by you and please elaborate.
23 January 2013
Transaction is restricted BY RBI for cash.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
26 January 2013
Dear Sir, you mean to suggest that such a transaction is completely not allowed. What if any pvt ltd company has done such a transaction.