In case of a private company can we show cash in hand as share application money?
Kabita Moharana (Article Assistant) (29 Points)
15 December 2016In case of a private company can we show cash in hand as share application money?
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 15 December 2016
No, the Share application money can only be routed through bank so cash in hand cannot be shown as share application money.
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