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Share capital money

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(Querist)
30 March 2015 CAN A COMPANY COLLECT SHARE CAPITAL MONEY IN CASH FROM ITS SHARE HOLDERS AND IF YES IS THERE ANY LIMIT FOR SUCH COLLECTION IN TERMS OF CASH
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 March 2015 Can be issued in cash to exiting share holders. If issued to others, there is a specific prohibition is section 42(5).

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