Query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2015
if i am incorporating a private company which is unlisted and my share capital will be 10lakh so am i suppose to deposite 10lakh rupees in bank account??
11 June 2015
it is always better to have the money canalised through banking channel. Deposit the money in bank account as soon as The paid up capital becomes 10 lac.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2015
thank you sir for ur reply please guide me
i am not going to issue share for public subscription if paid share capital of new incorporated company is 10lakh then do we need to deposit such amount in bank in hard cash
i am not going to issue share for public subscription if paid share capital of new incorporated company is 10lakh then do we need to deposit such amount in bank in hard cash
12 June 2015
Please go ahead and do that. It is advisable to deposit the paid up capital money into bank account.
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