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In Private limited company can a director pay cash toward payment of shares alloted to him
Replies (2)
No, the payment should be through bank channals like cheque, online tranfer to companies account etc.
Dear Prakash,
I would like to record my appreciation for sending your valuable response to my query however I would like to add that would the condition of payment through bank stand during the financial year 2012-13.
Kind Regards,
Mohammad Ikhlaq
Advocate
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