Subscribers capital in cash?
Hitesh (student) (22 Points)
21 April 2020
Can subscribers bring capital in cash for the purpose of filing INC 20A? If yes, which provision gives validity?
1 Replies
Harish choursiya
(Student cs professional )
(249 Points)
Replied 21 April 2020
In general,
Once the funds received by the company by way of various activity either it may be form of issuance of share or business revenue etc.
For the purpose of filing of form to any authority the requisite fee would be charged from the company accounts.
It is based on my understanding of provisions.
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