04 July 2014
Hi, Me and My brother were decided to incorporate a private limited company with authorized capital of Rs. 5 lakhs/- My Query is: Will we need to show that 5 lakhs cash in our bank account at year ending..? Or can we show the company assets worth 5 lakhs in balance sheet..?
04 July 2014
There is no need to show rs 5lakh in ur bankaccount neither assets in ur balance sheet it is only max amount upto whiCh shares can be issued
04 July 2014
There is no need to show rs 5lakh in ur bankaccount neither assets in ur balance sheet it is only max amount upto whiCh shares can be issued
CAclubindia
