Share Application Money

This query is : Resolved

ANIL KUMAR (Querist)
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19 December 2008 In Private Company for How much Period can we retain Share application Money received from Relatives and others........ and
IF So When ever Cash Become Negetive company can show Share application money received and then when cash surplus available they can refund them

Please Explain

Thanks
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Anil Kumar

C A GROUP COACHING

C A GROUP COACHING (Expert)
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28 December 2008 My dear student
This is not a proprietor / partnership structure.
Pls dont try this tactics else you with your client / employer will be in problem