Firstyear bs

NEWLY INCORPORATED COMPANY( IN NOV 2017) STAT AUDIT TO DONE FOR FY2017-18 BUT SHAREHOLDERS NOT TRANSFER SHARE CAPITAL AMOUNT TO COMPANIES CURRENT ACCOUNT

1 - WHEATHER BALANCE SHEET SHOULD SHOW NIL PAID UP CAPITAL

2 -CAN SHARE CAPITAL RECIVED IN CASH?

3- WHAT CLARIFICATION OR REPORTING IS REQUIRED IN TERMS OF STATITORY AUDIT