Hi All,
A Private Ltd Company incorporated under Companies Act,2013 .The Company could not open the Bank Account till 31st Mar,2016.Whether the same can be shown has issued on cash rather Account-payee cheque.What are the Remedy available.
Thanks
Ashwin N (Chartered Accountant) (192 Points)
06 September 2016Hi All,
A Private Ltd Company incorporated under Companies Act,2013 .The Company could not open the Bank Account till 31st Mar,2016.Whether the same can be shown has issued on cash rather Account-payee cheque.What are the Remedy available.
Thanks
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 September 2016
There is no bar in giving share subscripttion money to the company in cash.