Dear friends
After allottment of share as per CA 2013 can fund transfer from share application money a/c to company other a/c for utilisation of the money for business.
2 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 08 August 2014
Definitely yes. Otherwise for what purpose we have collected the money and where we will use it?
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 11 August 2014
Yes you can do so.....
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