Dear all,
I wsh to knw if there is any specific time limit for infusion of funds related to the subscriptttion done on signing of the memorandum???
Also what sections into the Companies Act deal with this??
Thanks & Regards
karan gandhi
1 Replies
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 10 August 2010
There is not any time limit but its customary on the part of the company to show the subscripttion money as early as possible. After opening bank account the subscripttion money should be deposited.
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