Minimum paid up capital requirement
This query is : Resolved
22 October 2016
Do the companies, alongside incorporation, need to deposit the minimum paid up capital in a separate bank A/c. if yes !! is there any lock in stint ??
If not!! why there is such a requirement??
24 October 2016
It is not compulsory to deposit the capital amount in a separate bank account for the certificate of Incorporation. A bank account cannot be opened if the company is not formed. Thus it is not compulsory.
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