Share subscripttion amount on opc incorporation

S Sinha ( ) (43 Points)

05 February 2018  

Sir / Ma'am,

 I have incorporated an OPC with Paid-up capital of Rs.10 Lac. I want to transfer 50% of money in cash (Bank transfer) & other 50% in terms of other fixed assets (Old) like, computer products, furniture, vehicle , etc. Can I do it?

  • What's the legal procedure for the same?
  • How to do valid valuation of asset and how to transfer it in the name of company?
  • Do I need to execute a contract between director & company and need to inform  MCA in this context?

Pl. guide.

Thanks!!!