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??

Amol S Joglekar

Amol S Joglekar (Expert)
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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

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Amol S Joglekar

Amol S Joglekar (Expert)
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12 June 2015 Please go ahead and do that. It is advisable to deposit the paid up capital money into bank account.