Transactions before filing INC 20A.

amit (Developer) (36 Points)

22 June 2023  

I have opened a bank account for my private limited company and was not aware that transactions are not allowed before filing INC 20A. I made a few transactions to test ATM, internet banking, and online payments. What options do I have now?

  1. Ignore these transactions.

  2. Reverse the debit transaction.

  3. Upload NEFT/IMPS receipts instead of a bank statement.

  4. Open a new account.

 

My second query is, can a shareholder deposit their share capital in installments through multiple transactions?