sir,
in private company can we receive share application money from companys staff.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 04 September 2009
Dear Mr. Hussain
Yes, There is no restriction on receiving of share application money from its employee, but such employee will not be taken in to account as per definition of the private company.
Regards
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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