Share issue against incorporation expenses

108 views 1 replies
A director paid incorporation Expenses to CA from his personal account.
Can shares be issued to Director against such payment.
if yes, under what provisions of the Co. Act
Replies (1)
First you should adopt the expenses in board resolution than covert that expenses in loan and afterwards issue share in lieu of loan


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register