19 September 2014
Sir, i have a company newly incorporated having share capital of Rs.100000 and 3 directors. All the 3 directors have spent some amount of money in cash for meeting business expenses of company as company had no cash of its own. My question is how can i introduce this amount of money in company without attracting Sec 269SS as all the payments made are exceeding Rs.20000.
22 September 2014
no u cannot take it as share application money since no shares were issued and roc was not informed in time so there is njo option left with u.
CAclubindia
