Greetings to all. We started a LLP in which we shown capital as 1 Lakh for registration from MCA. To complete this process we already spent nearly 50,000 as legal charges and deposits paid for office premises. For that 50,000 we have all legal documents. But now again my auditor telling to deposit 1 lakh in bank account. His point is we can not show that 50,000 as capital. Only we can claim as loan from partners. Can't we show this 50,000 spent from capital. Do we need to deposit 1 lakh again in bank.
CAclubindia
