CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 12 January 2015
The new act requires under section 42 and 62 to pay the money for shares via banking channel. As the subscripttion money is is also related to the share allotment, hence, need to be deposited in company's bank account via banking channel only and not in cash form.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)