Paid up capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2012 Dear friends, please tell me wheather paid up capital is required to kept as it is in Companies Bank Account or Company can use it as requirement?

How do Company increase liquidity of cash for run the business?

Ajay Mishra

Ajay Mishra (Expert)
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09 March 2012 Hi...

You can use paid up capital for business purpose and there is no mandatory requirement to hold such money in Bank Account.

Regards

jaimin shah

jaimin shah (Expert)
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09 March 2012 Capital is investment made by promotors to start up the business so no need to keep in bank account. can use for operations of the company.

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Ajay Mishra

Ajay Mishra (Expert)
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10 March 2012 Hi

It is not restricted upto the promoter to make investment in company. Any eligible investor can make investment in capital of the company.

Regards