Capital introducted by cash in pvt ltd company

M.Shanmugasundaram (Accounts) (234 Points)

26 June 2015  

Dear Sir,

My friends (4Nos) like to start a private limited company. Total capital decided to Rs.4,00,000/-

First Person giving his own furniture for office use (value Rs.1,00,000/-).

Second person giving cash rs.1,00,000/- for capital  

Third person giving cheque Rs.1,00,000/- for capital

Fourth person not giving any value. Only working person.

It's correct ? Or only capital introduced by cheque or DD ?

Please confirm me for methods of Capital introduce (Like cash, cheque, building, furniture)

Plz help me.

Regards,

M.Shanmugasundaram