28 September 2015
Sir, I Want to know that what is the time limit for Raising capital in private limited company by promoters from the date of certificate of incorpration
29 September 2015
The subscribers to MOA has to invest money in the Bank Account of the Company within 2 months from the date of incorporation, because as per Section 56(4), the company needs to issue Share Certificates within 2 months from the date of incorporation.
I hope you know that Company can not issue share certificates without receiving share money.
CAclubindia
