Share capital contribution in cash or kind


15 November 2013 Hello Members,

I want to know that, i have to incorporate a company of paid up capital of 2 crore and the proposed director desires to bring its own asset/property and transfer this to company without consideration in order to fulfill the capital of Rs. 2 crore.

Is it mandatory to bring capital other than cash in case of Private limited company.?
Kindly update me on this urgent basis.
Thanks


16 November 2013 no...it is not mandatory to bring in cash. the consideration can be brought in kind also.

16 November 2013 If possible , then pl quote me the section so that i can discuss with client by showing them section.




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