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payment of share capital

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(Querist)
26 May 2017 hello experts my client wants to close his private limted company. now my query is since he has no balance in bamk account can share capital amount be paid in cash as per companies 2013??
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CA CS Jainam Shah

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CA CS Jainam Shah (Expert)
26 May 2017 Yes. Share capital amount can be shown as cash subject to the client should have proper source of cash receipt.

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